Silverio Bonfiglioli, chief operating officer, Fiat Group disclosed that Fiat India plans to make India its hub for exports to various countries, including those in Europe.
As per the plan, Fiat will initiate exports worth 250 million Euros from India in 2010. This will include cars and other car components. Fiat already manufactures powertrains at its Indian plant and will commence to export them to Europe.
"The recently launched Fiat Linea will use upto 90% locally manufactured parts by the end of 2009. After Fiat's recent tie-up with Tata, the company has 70 dealers across 47 different cities in India, which the company plans to increase it to 100 by the end of this year. The company plans to roll-out a few more models in the coming years," Silverio Bonfiglioli added.
