Fiat To Pump $1bn Into India

Fiat Auto is setting up a car manufacturing unit in Maharashtra for the Palio in a joint venture with the Doshi family under a new company: Fiat India Auto Ltd. Once fully operational, the plant will manufacture about 100,000 cars in a year.

Two of Fiats group companies Magneti Marelli and Comau India are in the process of setting up manufacturing bases in Pune for car components and ultra-high-tech production systems. Another subsidiary, Teksid, has signed a memorandum of understanding with the Kalyani group for a joint venture company for manufacture of steel auto components.

In Uttar Pradesh, Fiat Engineering India is constructing a new factory for New Holland India for manufacture of three farm tractors designed by the Fiat design centre, set up in New Delhi last year.

 

Fiat also has a collaboration with truck-maker Ashok Leyland, controlled by the Hinduja group, for manufacture of 10,000 Iveco commercial vehicles in a year at a newly set up plant in Hosur, Karnataka.

Fiat has also decided to set up a training centre in India under its school, Isvor, for industrial training and will shortly sign agreements with Mumbai and Delhi polytechnics for training courses and scholarships in Brazil and Poland.