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Fiat India - Future Plans

Discussion in 'Fiat India News' started by Ravi, Dec 6, 2012.

  1. Gaurav Chakraborty

    Gaurav Chakraborty Amatore

    Messages:
    155
    New Delhi
    I hope fiat will launch new linea and punto in ipl inaugration night along with JLo performance in kolkata.
  2. Herbie

    Herbie Regolare

    Messages:
    290
    Bombay
    Grande Punto 1.4
    Another couple of articles regarding fiat future plans in economic times.

    Fiat bets on SUVs and sporty cars in India reboot

    27 MAR, 2013, 10.58AM IST, REUTERS
    fiat-bets-on-suvs-and-sporty-cars-in-india-reboot.jpg
    Fiat, one of the first Western carmakers to enter
    India but now the worst performing, opens a new,
    fully-owned 57-dealer network on April 1.


    MUMBAI/MILAN: Go specialist and go alone. That's Fiat SpA's new mantra for India as the Italian carmaker tries, once again, to crack the world's seventh-largest car market.

    Fiat, one of the first Western carmakers to enter India but now the worst performing, opens a new, fully-owned 57-dealer network on April 1, hoping to attract more of the 1.2 billion people in the world's second most populous country.

    Rather than launch a new model in the cheap, small car segment that dominates India and is ruled by Hyundai and Maruti Suzuki, Fiat plans to tap into fast-growing areas like sports utility vehicles (SUVs) and sporty cars.

    It will bring its Chrysler Jeep SUV to the country this year and build a small version of the car there by 2015, as well as take aim at the higher end of the market with Abarth, the sports version of its 500 and Punto models.

    Analysts think it will be a challenge, but could work.

    "I think Fiat's focus is on launching a couple of niche products and rebuilding the customer experience," said Deepesh Rathore, Managing Director of IHS Automotive India. "It's painful but it's the time to tell the customer that Fiat is different from the image he or she has had in mind."

    Fiat agreed in 2007 to build and sell cars with India's Tata Motors as foreign automakers began piling into the fast-growing market. But after three years of falling sales at dealers where Fiat's cars were displayed along the lower-priced Tata competitors, the Italian company decided in May 2012 to cut its distribution agreement with its Indian partner.

    A reboot is certainly in order. While Fiat's 1.3 litre MultiJet diesel engine is under the hood of 75 percent of India's small cars, the automaker sold just 203 Fiat-branded autos in February, the worst of any major brand, and its market share has dwindled to a mere 0.3 percent this fiscal year.

    "We all believe that we have scratched the bottom of the barrel," Enrico Atanasio, managing director of Fiat India told Reuters. "(Our performance) is not what the brand deserves."

    Now is not a great time for a relaunch. Car sales in India are set to fall this financial year for the first time in a decade, hurt by high interest rates and slowing economic growth.

    Yet the potential is there. LMC Automotive expects India's car market, currently around 2.6 million vehicles, to grow to about 6.9 million in 2017. That's around half its forecast for western Europe, although well below its projections of 16.9 million for the United States and 31.5 million for China.

    "India is a small, low-margin market for Western auto makers ... there is no indication of a near-term earnings upside," said Phillip Houchois, auto analyst at UBS.

    "But if you think India will one day be like China, it's nice to be able to put down roots there."

    With enthusiastic new dealers, Atanasio believes Fiat can end 2013 with 1 percent of the market and aim for 5 percent longer term. It plans to exit the year with 112 dealers, versus the 170 it had with Tata, and will continue to build engines and cars locally with the Indian company.

    MINI JEEP, LOCAL TWEAKS

    A boxy Fiat sedan, built by Premier Automobiles from 1964 as the Fiat 1100 Delight, is a familiar sight in Mumbai where many still ply roads as Premier Padmini taxis. But more recently, its Punto hatchback and Linea sedan have not caught on.

    Fiat simply did not get the product offering right, Fiat Chief Executive Sergio Marchionne admitted earlier this month.

    Fixing it means introducing the Jeep Cherokee and Wrangler models this year, to grab a piece of India's booming SUV market, which LMC Automotive sees reaching more than 1 million by 2019 from just 363,000 last year.

    Fiat also plans in 2015 to begin production in India of a new mini-SUV Jeep currently under development, which will be sold locally and also exported to other markets, Atanasio said.

    Fiat took control of Chrysler in 2009, and has slowly been adding the U.S. carmaker's brands to its stable worldwide. In all, Fiat-Chrysler plans to launch nine new or refreshed models in India in the coming years, Atanasio said. Recently, India was the only place where Fiat was selling just one brand.

    It will not, however, launch a new model in the low-priced small car segment which accounts for around 70 percent of sales in India as middle class families trade in their motorcycles for four-wheeled status symbols.

    Instead, it will modify the models it does sell in India to suit local conditions, like the Linea sedan, built with a higher ground clearance for India's pot-holed roads.

    "Fiat will have to get its pricing and marketing strategy right for this model (segment) if its wants to be successful in India," said Ammar Master of LMC Automotive in Bangkok.


    SOURCE : Fiat bets on SUVs and sporty cars in India reboot - The Economic Times

    - - - Merged Post - - -


    fiat.jpg
    Aiming a five per cent market share in the
    Indian automobile market,
    Fiat Group Automobiles India (FGAI)
    today said it is planning to have
    112 independent dealerships in India by March 2014.



    AHMEDABAD: Aiming a five per cent market share in the Indian automobile market, Fiat Group Automobiles India (FGAI) today said it is planning to have 112 independent dealerships in India by March 2014.

    "Last year, 76 million units were sold globally, while Fiat sold 4.7 million units worldwide, which is around five per cent," said FGAI VP Sales and Dealer Development Ravi Bhatia, on sidelines of the dealership launch here.

    "Our target is to have a similar market share in India too. The aim is to have 112 independent exclusive dealership outlets in India to achieve that target," he said.

    The company opened its dealership in Ahmedabad today, which is 28th in the country and the second in Gujarat, after Surat.

    "Dealerships in Rajkot and Vadodara will be opened," Bhatia said, adding that their presence in Ahmedabad and Vadodara will also be strengthened.

    "The company had sold 10,000 units in India last year (2012) and in next three year aims to double the sales every year, to gain ambitious five per cent share in Indian car industry," he said.

    In a bid to push sales, the company has proposed to introduce several new models in India over the next three years, including Abrath, its racing car brand and Jeep in SUV segment, a fast growing vertical in Indian car industry.

    It proposes to introduce two completely built units (CBUs) of its Jeep brand from the Chrysler portfolio-Jeep Cherokee & Jeep Wrangler-by last quarter of this CY in India.

    "Fiat is also evaluating the possibilities to locally manufacture B and C segment SUVs at its Ranjangaon facility in Pune, a Tata-Fiat joint venture," Bhatia said.

    Among other models to be rolled out would be refreshed models of Fiat's hatchback-Punto-in the B plus category, and Linea, a sedan in the C plus segment.

    SOURCE :
    http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/fiat-aims-to-have-112-independent-dealerships-by-march-2014/articleshow/19220597.cms​
    Last edited: Mar 27, 2013
    1 person likes this.
  3. Herbie

    Herbie Regolare

    Messages:
    290
    Bombay
    Grande Punto 1.4
    ....how can they think of launching EVO in India as it is an discontinued model(internationally), hope to see the latest international iteration of the car here in India.(as and when it is launched)
  4. mightymaveryk

    mightymaveryk Regolare

    Messages:
    341
    Bangalore
    Grande Punto 1.3
    May be a facelift with the Evo Label on it will be launched in India.
  5. Ganges

    Ganges Esperto

    Messages:
    3,121
    Driver Seat _/
    :
    Grande Punto 1.3
    2013 Fiat Punto & Linea will have new gear box
  6. nkrishnap

    nkrishnap Staff Member Janitor

    Messages:
    1,900
    Bangalore
    Bangalore
    Linea 1.3
    Though sounds like a good news, but would you please provide us the source.

    I will check the feasibility of getting this on the Linea.
  7. punto_emotion

    punto_emotion Esperto

    Messages:
    1,245
    Bangalore
    Grande Punto 1.3
    Wow Ganges, of now this appears too good to be true! Yes, as Krishna said, for sure would like to check its feasibility
  8. Avinash

    Avinash Amatore

    Messages:
    201
    Puducherry
    United Kingdom
    Linea 1.3
    If that's true, 90hp Punto, would no longer be called as ''powerful diesel only on paper''! Hope they bring in the ''Dualogic'' gearbox, for at least 90hp Punto!
  9. DRIV3R

    DRIV3R Esperto

    If Fiat is really clever, they wouldn't launch the refresh models until they clear the 2012 inventory atleast.

    Sent from my GT-I9100 using Tapatalk 2
  10. nkrishnap

    nkrishnap Staff Member Janitor

    Messages:
    1,900
    Bangalore
    Bangalore
    Linea 1.3
    True, but I dont think there is a huge pile of inventory as the production was cut during the last 2 months of 2012. Let me see if I can get hold of the stock position at the plant.

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