Italian car maker Fiat is planning to introduce a new model in India through the completely built unit route and is also firming up plans for a small car that is likely to hit the market next year.
We hope the new CBU is not the upgraded Fiat 500 but a new model like the Bravo or the Sedici.
Fiat is developing an India-specific small car at its R&D centre in Turin, Italy and will be unveiled at the 2012 auto expo. The car is developed specifically for the Indian market with 80-85 per cent localisation of parts and would be produced at its plant in Ranjangaon, Maharashtra.
So we can expect Fiat to enter the volumes segment once again which the company had quit after discontinuing the Palio.
New variants of the Punto and Linea are also expected. We hope Fiat gets it right now and grabs a larger pie of the Indian market.
Check out the video of the new Uno launched in Brazil.