Chrysler's Jeep Cherokee to hit Indian roads soon
16 Oct 2009
The Cherokee jeeps will soon hit Indian roads through the joint venture of Tata Motors and Fiat, Fiat India Automobiles (FIAPL). The models will be produced at Ranjangaon, Pune.
Fiat had acquired 20-per cent stake in Chrysler recently after the latter filed for bankruptcy.
Fiat currently makes the Linea and the Punto at the facility. The Ranjangaon facility is also being used to produce Tata's latest sedan, Tata Indigo Manza.
FIAPL, set up in 2007, has recently raised $510 million through a syndicated loan.
The joint venture produces cars and transmissions and engines from its facilities. Tata Motors distributes Fiat vehicles in India over its distribution channels.
As per reports, by 2012 the Ranjangaon plant could be manufacturing two lakh cars, three lakh diesel engines, and three lakh spare parts and accessories every year.
