Monday, August 3, 2009

Fiat India Automobiles Limited

Fiat India Automobiles Limited is a 50-50 joint venture between Fiat Group industrial Automobiles S. p. A., (Fiat) and Tata Motors Limited (Tata) originally incorporated on January 02, 1997. The company currently has approximately 600 employees and is located in Ranja Gaon Pune District Maharashtra. Final approval of the joint venture was signed on 19 October 2007. The board of directors of this company consists of five candidates each from Fiat and Tata.

The state-of-the-art facility Ranja Gaon, will have an installed production capacity of 100,000 cars and 200,000 engines, besides aggregates and components. The company plans to double production capacity for both cars and engines in the years to come. Currently, the production of the Palio Stile 1.1, 1.6 and Linea models, premium car like the Fiat Grande Punto is expected to deploy quickly in the B-and C-segment of the installation. The facility will also manufacture Fiat successful 1.3-liter multijet diesel engine and 1.2 and 1.4 liter gasoline engine fire. Apart from Fiat cars, the plant will also be Tata passenger and next generation cars with investment exceeding € 650 million. The plant is the direct and indirect employment to over 4000 people.

Fiat, which holds a 50% stake in the company, owns and controls five internationally renowned brands: - Fiat Automobiles, Alfa Romeo Automobiles, Lancia Automobiles, Abarth and Fiat Light Commercial Vehicles, manufacturer of the famous cars such as Ferrari , Maserati, Alfa Romeo and Lancia besides the Fiat branded cars.

Tata Motors Limited, the other partner in the joint venture, the largest automobile company in India with a turnover of Rs 32,426 crores (USD 7.2 billion) in 2006-07. He is the leader in commercial vehicles in each segment and the second largest passenger car market with winning products in the compact, medium commercial vehicles and passenger car segments. The company is the fifth largest medium and heavy commercial vehicle and the second largest medium and heavy bus manufacturer.

Visit the official site for more information

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