Fiat takes back car retail from Tata JV, production to continue
May 2: Fiat and Tata Motors have announced an agreement whereby Fiat’s commercial and distribution activities will be handed over to a new Fiat Group-owned company.
The Fiat-Tata joint venture – Fiat India Automobiles Limited- also encompassed manufacturing activities which included engines and transmissions for both the Indian and export markets. It recently announced a contract to supply 100,000 1.3 litre Multi-Jet 75hp SDE engines per year to Maruti Suzuki India from January 2012 for a three-year period. In its five-year operations, the Fiat-Tata JV produced some 190,000 cars and 337,000 powertrains. It will continue with these manufacturing activities as they are outside of the new distribution agreement and will supply cars and powertrains to Fiat and Tata.
A new Fiat dealer network is expected to be put in place progressively and the 178 existing Fiat-franchised Tata dealers in 129 cities will be approached to form the foundation of the future network. Fiat’s new distribution company will take over from current Tata-dedicated team assigned to manage the Fiat brand.
RELATED ARTICLES
IIT Bombay inaugurates Arun Firodia Research Floor
IIT Bombay, one of India’s top technical and research institutions, honours Kinetic Group chairman Dr Arun Firodia, one ...
Maruti Suzuki expands capacity at Manesar plant by additional 100,000 units
New assembly line at Plant A expands total manufacturing capacity at the Manesar plants to 900,000 units per annum. Alon...
Hyundai and Kia partner Exide Energy to produce LFP batteries in India
Partnership with Exide Energy enables Hyundai Motor and Kia to equip future EVs in the Indian market with locally produc...