Grande Punto to attain 85 percent localisation
Fiat India launched its newest model the Grande Punto hatchback in New Delhi on June 16, with prices starting from a very competitive Rs 3.99 lakh for the base 1.2-litre petrol version.
The Grande Punto is being manufactured at the company’s new Ranjangaon plant near Pune and has been styled by renowned Italian car designer Giorgetto Giugiaro of ItalDesign. It is based on the Fiat SCCS platform, which was jointly developed with the company’s earlier partner GM.
The Grande Punto has been a big success for Fiat globally with sales of over 1.6 million units since its launch back in 2005 and the success of this model helped Fiat turn around its operations which were near bankruptcy back in 2005. Fiat is targeting monthly sales of around 2,500 units of the Grande Punto, which is part of the premium hatch segment.
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