Fiat India has chalked out its plan for it Punto to have CNG, to be ready by the 2Q pf 2010, said its CEO. The move is to save money, as LPG is costlier than CNG and CNG proves to be better than LPG.
FIAL is in a jv with the Italian company on 50:50 basis and has been in the industry since 1997 with the production unit in Ranjangaon in Pune, which has the capacity of 2 lakh cars, 3 lakh engines and equal volume of accessories. The plant is in the service of making Tata passenger and next generation cars at an investment of Rs650 million euro.
In addition, the company will launch a new small car in 2012, in the mid- range of A and B he said. A happy moment is that Fiat diesel is arriving India soon to fit in Linea, Grade Punto and Fiat 500.
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