Fiat Group Purchasing – Fiat’s parts procurement unit – plans to source components worth some US$1bn parts from India in 2010.


“Our target is to source US$1bn in 2010,” Franco Cavallotti, vice-president, International of Fiat Group Purchasing, told reporters at an industry conference.


Reuters noted that would constitute about 5 percent of its global sourcing.


Of the US$1bn, about US$700m would be for Fiat India Automobiles, its joint venture with Tata Motors, he reportedly said.


Fiat planned to source US$400m to US$500m of components from India in 2009, he said, according to the Reuters report.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now