Fiat,the Italian auto maker stated that it is evaluating options to bring a new model in India through the completely built unit route.It is also planning for a small car to hit the Indian market in 2012.The small car could be similar or smaller than its existing hatchback,Palio.It would be produced at its plant in Ranjangaon at Maharashtra.
Mr.Rajeev Kapoor,President and CEO of Fiat India reported that there are different routes and opportunity to launch a model in India and the completely built unit route is one of them.He said every route is open to them and they are still evaluating.
He added that the small car is under development.They had announced earlier that their intention is to launch it in 2012.The exact timing and details will be shared when they will be ready with the product.
Fiat India has restructured its board by replacing two directors.Regarding this,Kapoor commented that this is a very routine restructuring of the board and there is nothing serious about it.