Fiat eyes sale of 25,000 units; 1% market share this year
- Government issues notification for OROP implementation
- BJP marks strong electoral presence in Kerala civic polls
- Will ensure accountability of each and every penny: PM Modi on 80,000 cr J&K package
- #MarchforIndia rally: Nobody has the right to call our country intolerant, says Anupam Kher
- RSS destroying liberal, secular India: Rahul Gandhi
Italian carmaker Fiat said today that it plans to more than double its market share here above the 1 percent mark, as well as sell over 25,000 units this year, by ramping up its distribution network and launching new models.
"We did slightly more than 10,000 (in 2012), but it was a year of transition. In some regions, we are not present at all. We wish to have 1 percent of the market which is seen to touch 2.6 million units this year. Our objective is to sell 25,000 units," Fiat India Managing Director Enrico Atanasio told PTI here.
Citing Fiat's market share across various regions it operates in like Latin America (18 per cent), Europe (close to 10 per cent), North America (15 per cent, including Chrysler), Atanasio said, "Can I be at 1 per cent? I would be the lowest in the world. You cannot be the lowest in a market which today is the seventh largest in terms of size worldwide."
He said the company, which called off its sales and marketing partnership with Tata Motors last year, will launch two luxury SUV models 'Wrangler' and 'Grand Cherokee' in the domestic market this year, under the Jeep brand, besides a premium hatchback 'Abath', towards the end of the year.
The Jeep brand will be fully imported, while the Abath will be manufactured locally at its Ranjangaon plant near Pune, Atanasio said.
Speaking on the sidelines of the launch of its first exclusive dealership in Mumbai, he said that the next few weeks will see a massive string of inaugurations to take the total number of dealerships to 65 by March-end and 100 by the end of the year.
Explaining the reason for calling off the alliance with the Tatas, Atanasio said that though the partnership was a good one, there was a need to take the brand to the next level. He also pointed out the benefits Fiat derived through its erstwhile partner and said that at least 30 of its dealerships are from Tata Motors, where the dealer expanded to include a Fiat showroom as well.
- Across the aisle: Win or lose, Mr Modi will be on test in Bihar polls
- Reverse Swing: Narendra Modi's governance is a lost opportunity
- Fifth Column: Bihar’s future vs Bihar’s past
- Out of my mind: What India can learn from Margaret Thatcher on intolerance
- Inside Track: Strained relations
- Bihar polls: Reservations an effort to polarise India’s pluralistic society