Even as environment consciousness increases among car buyers, car companies are forced to bring out fuel alternatives to existing models. The Fiat Indian has planned to launch their CNG variant Palio by early next year.
Speaking about it, CEO of Fiat India, Mr Rajeev Kapoor said The CNG variants are provided to counter the eco-friendly cars provided by Maruti and Hyundai. Palio is currently available in petrol and diesel variants. The car is the bread and butter model for Fiat in India. It is going to be the first eco-friendly car to be launched in India by Fiat.
The company also plans a series of launches over the next two years starting from introduction of 500 (Cinquequecento) in this year. The saloon Linea is lined up for September and the Grand Punto early next year. The Grand Punto is the biggest car in the segment and there will be no price differential, said the company official.
The 500 will a completely imported from Italy; the luxury saloon Linea and Grande Punto will be manufactured in India at its facility in Maharashtra. The Grande Punto will compete against Maruti Swift, Hyundai Getz and Chevrolet U-VA. However, he refused to divulge the details on pricing.
Fiat has also planned to sources parts from Indian worth Rs 1,595 crore by 2010. Auto parts will be sourced for its production facilities in Europe, Brazil and North America. Indian auto parts are cheaper by 15 percent than those in developed countries. Currently the company subscribes to auto parts worth Rs. 1.9 billion.