Fiat-Tata joint venture to launch new car by 2010Fiat-Tata joint venture to launch new car by 2010
Apnaloan.com Research Bureau
13 Oct 2007
The Fiat-Tata joint venture is developing a new car, to be launched by 2010, says media reports. The new car will be a possible replacement for the Fiat Palio.
The recently-announced 50:50 JV will focus on Fiat's B and C segment cars, Grande Punto and Linea, to be launched by 2008 and the production of 1.3 litre multijet diesel engine, 1.2 and 1.4 litre fire gasoline engine and transmissions.
The Tata-Fiat JV is currently producing and marketing only the Palio petrol versions (1.1 and 1.6 litre). The other Fiat models Palio diesel and the mid-size car Petra/Siena have been discontinued. The JV is focussed on improving marketing and distribution, Palio sales have climbed, nearly doubling to 1,702 units in April-September 2007 as against 923 units in the previous year.
Palio has been a slow mover among the pack of small cars. Tata Indica sold 68,468 units and Hyundai Santro and Getz sales stood at 80,604 units in April-September. The compact segment has grown 16% in this period.