Fiat’s Indian joint venture is to launch the Grande Punto hatchback in the country this month, a statement has said.
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Fiat India Automobiles Ltd., a 50/50 joint venture between Fiat and Tata Motors is to sell petrol and diesel engine options.
The brand will be produced at a factory at Ranjangaon, in the western state of Maharashtra, the automaker has said.
According to news reports, the company is to source as much as 85% of car parts fro mlocal suppliers in order to keep prices competitive.
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