Tata Motors on Friday announced its partnership with Italy-based Fiat Auto Spa.
Italian auto major Fiat Auto has asked Rajeev Kapoor, the newly appointed president and CEO of Fiat Auto India Automobiles, to take charge of the Indian operations after managing director De Filippis Giovanni's recall from the position about a week back.
Fiat on Friday denied a magazine report, which said it would close a plant in India as part of a sweeping restructuring of the loss-making Italian industrial giant.
Until recently, the JV, Fiat India Automobile, was languishing with heavy losses.
Fiat India Automobiles Pvt Ltd (FIAPL), the three-year-old joint venture company formed through the association of Tata Motors and Fiat Auto SpA, is facing rough weather, as it posted record losses last year.
The Tata-Fiat combine's plant at Ranjangaon, Maharashtra, may see huge capacity additions as new models line up to go under production at the site.
India's biggest carmaker Maruti Udyog Ltd on Tuesday announced the setting up of a diesel engine plant with an investment of Rs 350 crore (Rs 3.50 billion).
Italian automaker Fiat Auto SpA has an alliance with Ford Motor company to make small cars, a company official said on Friday.
Italian carmaker Fiat's long-awaited turnaround plan includes a plant closure in India and the trimming of truck-making facilities in Spain and Italy, a magazine said in an article to be published on Friday.
Alberto Montanari is new Fiat India CMD
The Indian unit of troubled Italian carmaker Fiat Auto SpA said on Friday it expects its new diesel models launched two months ago to help reverse slowing sales in 2003.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances