Business Daily from THE HINDU group of publications
Tuesday, Jul 11, 2006
Business Daily from THE HINDU group of publications Tuesday, Jul 11, 2006 |
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Corporate
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Outlook Fiat plans 1.1 litre, CNG variants of Palio Mayur N. Shah
Mumbai , July 10 Fiat India is the latest entrant to join the bandwagon of small car-makers who are modifying their existing passenger car range to avail itself of tax sops offered by the Government. The company has plans to introduce the existing Palio 1.2 litre variant with a de-tuned 1.1 litre engine. The company also has plans to introduce a CNG variant of the 1.1 litre variant. According to industry sources, these modifications are most likely to be introduced with a face-lift of the hatchback variant. The new tweaks in the engine configuration is primarily due to the tax sops available on cars that are less than four metres in length and have an engine capacity less than 1200 cc.
Necessary step
According to Mr Giovanni De Fillipis, Managing Director, Fiat India, introduction of these models is a necessary step towards attaining market needs and being competitive in the industry. Other players like General Motors India are contemplating on a similar strategy for their upcoming model Aveo U-VA. In order to boost sales, Fiat is now going to undertake a nationwide campaign for a free service camp that according to Mr De Fillipis would further enhance confidence and trust among the existing customers and also show that the company is here to stay.
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