Italian carmaker Fiat unveiled its super premium hatchback Abarth 500 at the Auto Expo 2014. The vehicle is likely to be launched by the end of this year. Moreover, the company is aiming to locally assemble the car at its manufacturing unit at Ranjangaon.
Speaking to PTI, Nagesh Basavanhalli, President and Managing Director Fiat Group Automobiles, "We plan to launch Abarth 500 later this year in India. Initially we would import the car as a completely built unit (CBU) but later on we plan to locally assemble it at our Ranjangaon plant".
The plan to locally assemble the Abarth 500 will surely help the company to achieve the competitive pricing. The company is also planning to launch 3 other models within this year - new Linea facelift, new Punto and Avventura crossover.
The company's manufacturing unit has the production capacity of 2 lakh, and Fiat India is also planning to export the Avventura. The Avventura is basically the crossover version of the existing Punto, which will compete against the likes of Volkswagen Cross Polo and Toyota Etios Cross.
