FIAT to make full range of Palio vehicles in India.
Source:Indian Express.
Fiat to unveil complete range of Palio vehicles next year
PRESS TRUST OF INDIA
New Delhi, Sept 14:
Italian auto major Fiat plans to introduce its complete range of 'Palio 178' vehicles in the country and the first car from this range will be launched next year, Fiat SPA senior vice-president Andrea Simoncelli said on Monday.
"The 178 range, a family of five vehicles, will be manufactured in India before long," Simoncelli said.
The Palio family consists of a hatchback, the siena saloon and the weekend station wagon, Simoncelli said. A pick-up version and a van were being developed, he added.
Palio will have a higher indigenisation level from the first vehicle itself and the company hopes to attain 70 per cent level much ahead of the stipulated five years, he said.
As part of its globalisation plans, Fiat will bring its 30 to 40 component manufacturers to India to source ancilliary products for the car project.
Fiat is also considering manufacturing the engines and transmission system locally, Simoncelli said after signing a memorandum of understanding (MoU) with the IndianInstitute of Technology, Delhi, for technical and scientific cooperation......
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