Fiat too wants to develop a low cost car for India
March 6th, 2007 Leave a comment Visited 32 times, 1 so far today
Fiat too wants to develop a low cost car for India
A lot of global automakers have expressed their desire to make a low cost model which could sell in big numbers in emerging markets like India and China.
The latest to join that list is Fiat. Fiat Chief Executive Sergio Marchionne has said in a statement that the company is currently considering building a low-cost car for Europe and Asian markets.
He said: “The car may have some roots in the Logan concept.”
Renault Logan has become a reference point for such a car. The company would be launching the Logan in India this year.
Marchionne added: “The issue is on the table, and how we develop that platform, where we make it, is being discussed now.” Interestingly, Fiat is already working on their Rs. 1 lakh car which is expected to be launched in the Indian market next year.
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