Fiat Chrysler Automobiles has announced it intends to make a sizable investment in its Indian manufacturing joint venture.
Fiat India Automobiles Private Limited is partnered with Tata Motors Limited. FCA is planning on pouring around $280 million into the Asian country to improve its manufacturing facility in Ranjangaon, India, which is just east of Mumbai.
The company is investing this money to support the production of a new Jeep vehicle, which is expected to get underway in the second quarter of 2017. However, they have not given any official indication of what this particular model might be. A small, affordable vehicle, like the new Renegade seems logical for a emerging market like India, but this is purely speculation.
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FCA CEO Sergio Marchionne said, “Today marks an important step as we continue to expand the availability of Jeep products around the world.” Earlier it was announced that 2015 would be a transformational year for the brand and it appears as though the company is making good on that claim.
Adding production in India will give more people a chance to experience Jeep vehicles. Government officials in the Indian state of Maharashtra fully support FCA’s investment.
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