Well, that's because: in that market it has been overtaken in ride-handling-steering chops by the much newer Ford Fiesta, new Renault Clio, etc, while it remains by far the best here in India. The t-jet in its multiair avatar is a very well regarded engine, though, in Europe. Tells you something about how awful our standards for basic automotive engineering are that a hot selling, supposedly cutting-edge new Korean i20 elite still comes nowhere close to what is a 9-year European old hatch (5 yrs in India), the Punto. I'd say not just engineering, even design language and composition, outside and in. Let alone price/value etc. We are the textbook case of a 'third world' car culture that refuses to learn and mature, even if in our own way! btw, Marchionne has held back on the development of a new Punto over the last 3-4 years for Europe because he claimed the Ford Fiesta, R clio, VW polo, Golf etc make little-to-no money (VW) or lose big money in recessionary Europe (Ford, Opel, Peugeot, Renault). He has been proven emphatically right: as Ford Europe, Renault etc are in proper financial-crisis mode even today, hundreds of millions of euros of losses, while Fiat under Marchionne has kept its powder relatively dry (focussing instead on the US) and is 'making its move' now with the new 500X, Renegade etc + Alfa Romeo + (as in India) Jeep-going-global+all-new emerging markets cars (eg., the India-bound b-suv, Linea replacement etc.) Marchionne's a champion poker player, not just a genius/visionary of an audacious, ruthless, outspoken ceo. FCA's cards have been weak and yet look what he's accomplished. His cards are pretty strong now, and improving further, and so I wouldn't bet against him cracking 'the great Indian rope trick' of a car bazaar either...by 201X only of course!