Financial Daily from THE HINDU group of publications
Thursday, Dec 08, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Outsourcing


Fiat to increase sourcing

Our Bureau

NEW DELHI: Italian carmaker Fiat plans into increase the level of component sourcing from India to $10 million in 2006 and expects the figure to increase further subsequently.

"We have been sourcing components from India for some time now and expect to increase this," the Managing Director of Fiat India, Mr De Filippis Giovanni, said at the sidelines of the Tenth Asia Pacific Automotive Industry Roundtable.

The components are being sourced for the company's Palio model in South Africa, he said.

The company had to shut down production at its plant at Kurla in Mumbai after severe rains in Maharashtra disrupted operations at the facility. Fiat also has a plant at Ranjangaon, near Pune, though here the capacity is lying idle due to lack of demand.

On Fiat India's operations, Mr Giovanni said the company would resume production of cars such as the Palio from the Kurla unit from January. "Fiat has plans to introduce new models in India, as the company works on a revival strategy in the market," he said, adding that it will make investments for this. "Our parent company will be investing in India towards this end," he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Outsourcing



Stories in this Section
Rieter AG keen to set up facility for ring spinning machinery


Logan to share component vendors with Scorpio
JCT project gets UN nod for carbon trading
Salakorn India sets up factory to produce tube ice
Lupin FCCB issue
Sarovar Hotels raises Rs 38 cr from pvt equity funds for budget hotel
Fiat to increase sourcing
NTPC to take legal steps to enforce contract with RIL
Sartorius revamps India biz; to invest $4 m in new facility
Ruia expects Dunlop to touch Rs 1,000-cr turnover in 3 years
GHCL buys 65 pc stake in Romanian co
OVL set to buy 45 pc stake in Nigerian oil field for $2 b
Kovilpatti Lakshmi Roller to take over Eltex Super Castings — Hopes engg division would turn `separate profit centre'
Tyre dealers hail Ruia's takeover of Dunlop
JK Paper plans Rs 400-cr expansion
Arrears issue: Great Eastern staff file writ petition
Laser Soft bags awards for promoting rights of disabled
Ucal obtains TS certificate
Rubber dealers urge Dunlop to settle dues
How true the forecasts
Tata Steel may rethink plan to export iron ore through Haldia
Dunlop Ambattur workers pin hopes on early reopening
Suzuki all set to launch 125-cc bike in January
`Tatas' small car could be hugely disruptive'
Maruti to raise prices in Jan
ECL posts profit in Nov


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line