Source - Economictimes Some highlights - Fiat joint venture with Tata Motors has quietly broken into profits for the first time since its establishment. Main factors - voracious appetite for diesel engines from Maruti Suzuki, export of engine components to China and better cost efficiencies. The company posted a profit Rs Rs 269 crore in the six months ending March of 2013. Fiat's exposure in the engine business is expected to rise further as its breadwinner engine business and the 7-9 new products planned by both Fiat and Tata Motors are expected to grow its revenues in the coming years. Fiat-Chrysler's plans include the launch of a New Linea, as well as new launches such as Abarth, Grand Cherokee, Punto Cross and 2-3 new utility vehicles which's proposed to be manufactured and in some cases assembled at the Ranjangaon plant. For this purpose, the Fiat-Tata joint venture infused additional capital of Rs 650 crore in June of 2013. The Fiat-Tata JV broken into profits for the first time since its establishment. Important factors - diesel engines from Maruti Suzuki, export of engine components to China and better cost efficiencies. During the October 2012 to March of 2013 period, the average engine production rose by over 20-30% compared to FY12. Fiat India produced 80,736 engines in six months, with an average of 13,000 units a month. The company supplied over 1,00,000 engines from its Ranjangaon plant to Maruti Suzuki over the last 12-18 months. The company's exports increased three-fold in the second half of FY-13 compared to second half of 2011-12 led by exports to GAC-Fiat's China plant.