The Indian auto giant, Tata Motors is contemplating on moving ahead with the Italian Fiat range cars. This comes in the wake of excellent market opportunities sensed in India and globally. Tata has already entered into a JV with the Italian company for making vehicles of Fiat range including Palio, Grande Punto and Linea in India. There will be more models under Fiat in addition to the passenger vehicles, said its CEO. The cars will come off from the Fiat’s facility at Ranjangaon which has the capacity of 2 lakh cars and 3 lakh engines per year. The company’s CEO revealed that Tata believes in its form and platform to have any access to the expanding market.
He added that the demand for cars and trucks has propelled the company to forge ahead with installing a new truck plant in the country. The CEO’s effort in boosting the net sales is in the form of launching more models allied with quality. Sooner there will be a launch of Defender Land Rover model to become the national icon, on the lines of Jaguar Land Rover. The sale of this car fetched Tata the net profit of Rs1988 crore during Q1 of 2010-11, much contrast to the loss incurred last year to the tune of Rs328crore. Tata’s output of vehicles is done from its four plants at Pune, Pantnagar, Lucknow and Dharwad with the net capacity of 7 lakh units.