After Hyundai and Maruti Suzuki, its now Fiat India Limited that is planning to make India as it’s export hub. The company is planning to bring a low cost car by 2010-11 to India amongst its product portfolio which will be placed at the bottom of the B-segment.
According to Silverio Bonfiglioli, Chief Operating Officer, Fiat Group, the company plans to initiate exports worth 250 million Euros from India in 2010. Exports will include cars and car components like power trains which are currently being manufactured by Fiat in India. The company will start exporting them to Europe soon.
Fiat has recently launched Linea in India that will use upto 90% locally manufactured parts by the end of 2009. “After Fiat’s recent tie-up with Tata, the company has 70 dealers across 47 different cities in India, which the company plans to increase it to 100 by the end of this year. The company plans to roll-out a few more models in the coming years,” said Silverio Bonfiglioli. “India will be a very important global base for Fiat,” he added.