Leading Italian auto manufacturer Fiat has launched its most awaited premium hatchback model Fiat Punto in Indian market. Fiat Grande Punto has launched in Indian market as a joint venture between Italian passenger car manufacturer Fiat and Indian auto major Tata Motors. Fiat Punto is consistently performing well internationally since its first debut at Frankfurt Motor Show in 2005 and it has won many awards such as "Car of the Year 2008" award in Brazil. Even on safety point of view, the Fiat Grande Punto has received the 5-Star rating in the stringent Euro NCAP safety tests. Now with the launch of this car in Indian market, the company plans to strengthen its position in hatchback segment here. Fiat Punto is the second vehicle that has been launched by the FIAL (Fiat India Automobiles Ltd.). Fiat Punto has launched in Indian market with three engine options - a 1.2L, 1172cc petrol engine, 1.4L, 1368cc, FIRE petrol engine and a 1.3L, 1248cc multijet turbo diesel engine.
Big news in the auto industry today. Without paying a dime Italian automaker Fiat has gained a 35% stake in Chrysler. The two companies have formed a global strategic alliance that will see Fiat provide Chrysler with its small car platforms.
Both companies are banking that the addition of things like Fiat’s small vehicle drivetrains will result in substantial improvements in Chrysler’s line of small fuel-efficient cars. Fiat will also be distributing Chrysler vehicles outside of the U.S.
We can expect that Chrysler will now be using Fiat small vehicle platforms like the Punto or the Fiat 500 to get a new line of small, affordable cars with great mileage. But will it be in time to pull their tail pipes out of the fire?
Italian auto giant Fiat and Indian car maker Tata are in talks about a joint marketing project to sell Ferraris and Mazeratis in India,
news reports said on Thursday.
"We are talking. We have various projects (including) marketing Ferraris and Maseratis" in India, Tata boss Ratan Tata told the Italian daily La Stampa.
Both brands are under Fiat's control.
Tata Motors is also present in the luxury car business, having acquired the British brands Jaguar and Land Rover for 2.3 billion dollars from US automaker Ford last year.
At the other end of the scale, Fiat and Tata are considering marketing the Tata Nano, the world's cheapest car, in Latin America, where Fiat has a strong presence.
The partners are also discussing "sharing new car platforms" and have plans for Iveco, Fiat's truck and bus subsidiary, Tata told La Stampa, which is owned by the Fiat group.
The Nano, starting at some 1,640 euros (2,330 dollars) in India, hit the streets this month in India, and Tata has plans to export it to Europe, South America and Southeast Asia.
It will arrive in Europe "at the end of 2011 as planned," said Tata, who is on Fiat's board of directors.
He added that the Nano had just passed European safety tests.
Fiat and Tata build cars, engines and gearboxes together in India, and Tata Motors is Fiat's distributor in India.
Leading Italian auto manufacturer Fiat has launched its most awaited premium hatchback car Fiat Grande Punto in Indian market. Fiat Grande Punto has launched in Indian market as a joint venture between Italian passenger car manufacturer Fiat and Indian auto major Tata Motors. Fiat Grande Punto is consistently performing well internationally since its first debut at Frankfurt Motor Show in 2005 and it has won many awards such as "Car of the Year 2008" award in Brazil. Even on safety point of view, the Fiat Grande Punto has received the 5-Star rating in the stringent Euro NCAP safety tests. Now Fiat plans to launch Grande Punto in Indian market to strenthen its position in hatchback segment here. Fiat Grande Punto is the second vehicle that has been launched by the FIAL (Fiat India Automobiles Ltd.). Fiat Grande Punto has launched in Indian market with three engine options - a 1.2L, 1172cc petrol engine, 1.4L, 1368cc, FIRE petrol engine and a 1.3L, 1248cc multijet turbo diesel engine.
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