595 Abarth Competizione in July will be followed by the Punto T-jet and Jeep
After its return to the country in 2012, Fiat has announced a three-pillar strategy to ramp up Indian operations.
The question is whether the 62-year-old Italian-Canadian, whose pedigree is in the mass-market world of Fiat and Chrysler, can maintain the cachet of the Ferrari brand.
Luca Cordero di Montezemolo will step down as chairman of Ferrari as of Oct. 13 and will be replaced by Sergio Marchionne, who also serves as the chief executive of parent group Fiat (FIA.MI).
Fiat is reportedly planning to launch its premium sports car Maserati in India through exclusive company-owned stores.
The model will take on the likes of Maruti Suzuki's Swift, Hyundai i20 and Honda Brio, which are priced between Rs 3.99 lakh and Rs 7.76 lakh.
A German magazine earlier this month reported Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group. John Elkann, the head of holding group Exor which controls Fiat Chrysler via a 30 percent stake, said at the same event as Marchionne that there was nothing else to add on the matter.
The European Union's antitrust regulator has launched an investigation into tax deals that Apple, Starbucks and Fiat struck with some European countries, the start of a wider push to keep multinationals from taking advantage of loopholes.
The deal is a victory for Marchionne, who wants to merge Fiat and Chrysler and create a more competitive automaker with a broader global reach. But he has been at odds with the UAW trust for more than a year over the value of Chrysler.
Mumbai's iconic Premier Padmini taxis are all set to disappear from the streets. What do the taxi drivers feel about this change? Firstpost spoke to a few of them to find out.
By the time you finish staring at this, you think more about the contortionists, the women. And you look at the tag line for the car, which is the Fiat 500 Abarth Cabrio. There it is, in the top right hand corner of the print ad: Made of pure muscle.
Honda aims to sell 3 million cars in Japan, the United States, Europe and other developed markets combined, up from about 2 million it sold in the year ended March, and double sales to 3 million cars in emerging markets including India and China
After ending the distribution joint venture in May, the Italian auto major, which is finding it difficult to stand on its own here, is yet to come to terms with the separation as the company's sales decline fast.
Fiat India, which recently called off its distribution alliance with Tata Motors, is bullish about its prospects in the country, saying within the next 12 to 18 months it will be able to stand on its own with around 100 exclusive sales and service centres in place.
With more foreign car makers choosing to have complete control of their Indian businesses, investment is increasing, capacity is rising, and India is fast challenging Thailand and China as an automobile export hub
In India, the Mini's steep pricing of Rs 25 lakh for a small car could act as a speed breaker.