{"id":2174,"date":"2008-05-07T18:49:59","date_gmt":"2008-05-07T13:31:59","guid":{"rendered":"http:\/\/www.vicky.in\/blog\/?p=2174"},"modified":"2008-05-07T18:49:59","modified_gmt":"2008-05-07T13:31:59","slug":"118-fiat-to-source-auto-parts-worth-250-million-euro","status":"publish","type":"post","link":"http:\/\/www.vicky.in\/blog\/118-fiat-to-source-auto-parts-worth-250-million-euro\/","title":{"rendered":"Fiat to source auto parts worth 250 million euro"},"content":{"rendered":"<p>Fiat today said that it will source auto components worth 250 million euro (about Rs 1,595 crore) from india by 2010. &#8220;We will source auto parts worth a minimum of 250 million euro from India by 2010,&#8221; Fiat Group Purchasing s.r.l. CEO Gianni Coda said. Fiat currently sources auto parts worth 30 million euro from India. This increase in sourcing is part of Fiat&#8217;s plan to increase its purchases from 8 billion to 9.5 billion euro by 2010 from Eastern Europe, Northern Africa, South America, India and China. Auto parts in India would be about 10-15 per cent cheaper. &#8220;We are talking to vendors in India who will need to invest in their facilities to meet our demands,&#8221; he said. The sourcing would be carried out for the company&#8217;s auto manufacturing plants at Europe, Brazil and North America, he added. The Indian auto components industry has an estimated production of US$ 10 billion. The spiraling demand from domestic and international auto companies has seen this sector emerging as one of the fastest growing manufacturing sectors in India and globally. The year 2006-07 saw the auto components sector soar with exports touching the US$ 3 billion mark and investments continuing unabated. The ACMA estimates the global sourcing of components from the country to double from US$ 2.95 billion to US$ 5.9 billion in 2008-09, and touch US$ 20 billion. Similar to Fiat other auto majors like BMW\u00a0 and Ducati have plans to source components from India for their International opertaions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiat today said that it will source auto components worth 250 million euro (about Rs 1,595 crore) from india by 2010. &#8220;We will source auto parts worth a minimum of 250 million euro from India by 2010,&#8221; Fiat Group Purchasing s.r.l. CEO Gianni Coda said. Fiat currently sources auto parts worth 30 million euro from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/www.vicky.in\/blog\/118-fiat-to-source-auto-parts-worth-250-million-euro\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fiat to source auto parts worth 250 million euro&#8221;<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[1367,308,314,315,952,200,43,1368,1369],"_links":{"self":[{"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts\/2174"}],"collection":[{"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/comments?post=2174"}],"version-history":[{"count":0,"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts\/2174\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/media?parent=2174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/categories?post=2174"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/tags?post=2174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}