Fiat India Not To Hike Prices On Implementation Of BS-IV Norms

Earlier industrial experts articulated that BS-IV norms, effective from 1st April 2010 would shove a revision of prices as carmakers were making significant investments to upgrade engines to make them BS IV compliant and major automakers declared an increase in price by 1 – 3%.

On the other hand, Fiat India declared it has no plans to increase the price at this moment.

FIAT India President and CEO Rajeev Kapoor said, “At the moment, we don’t have any plans to increase the prices of our cars due to Euro-IV emission norms. We will follow a wait and watch policy and observe other car manufacturers, then only any decision will be taken.”

On being asked about the sales, he added, “This year has been pretty good for us. We would be closing this financial year, with 24,000 units. Fiat Punto was launched in mid of the current fiscal year, and it is doing extremely well. So far the next financial year is concerned, we are targeting to sell 48,000 units that include, Fiat Punto and Fiat Linea.

He added further, “The company would launch Linea Turbo Jet and Punto 90 bhp by June 2010. Also, we are working and expect to roll out Punto’s CNG variant by the end of this fiscal year.”

Commenting upon small car, he added, “We are developing a new compact car for the domestic market, which will be unveiled in early 2012. The car, being developed for the Indian market will incorporate inputs from Tata Motors”.

The new car will be rolled out from Fiat’s Ranjangaon facility, which currently produces Palio, Linea and Punto.

Via: BSMotoring

Share and Enjoy: