Fiat has announced that it will enter mass car segment (A2) and the company's R&D teams are very busy working out in designing this compact hatchback to be launched in 2012.
According to Mr. Rajeev Kapoor, President and CEO, Fiat India Automobiles Ltd (FIAL), Fiat will launch the new small car to compete with Hyundai's i10, Maruti's A Star and Chevrolet Beat. The upcoming car will be powered by a 1 L engine and Fiat may offer this small car in both petrol as well as diesel options.
Earlier the speculations were that, Fiat might bring the new Uno, which is produced in the Fiat's Brazil plant. But, the Fiat's President ruled this out and said, the new small car has nothing to do with its existing models, hence we get a fresh Fiat faced compact car!
Interestingly, according to officials, Fiat may bring the premium hatchback Bravo (as CBU) to India due to the favourable rates of Euro vs Rupee right now. Fiat recently launched its Grande Punto 90HP premium hatchback, priced at Rs. 6.79 lakh (Delhi).
Many auto majors like Hyundai and Honda are all ready to launch a small car in the next couple of years owing to strong demand in the domestic market as well as in the ASEAN region, where these companies can export the cars produced in India.
source: living.oneindia.in
