Mumbai: Fiat India Automobiles Pvt Ltd, a 50:50 joint venture between Fiat Group of Italy and Tata Motors, has decided to increase its production capacity at its greenfield plant at Ranjangaon near Pune. FIAPL will be infusing an additional Rs 2,341 crore over and above the on-going investment of Rs 1,679 crore. With a total investment of Rs 4,020 crore, the Ranjangaon facility will now manufacture two lakh cars, three lakh engines and three lakh related parts and accessories. FIAPL on March 24 inked a MoU with the Government of Maharashtra to increase the production capacity and for backward integration at its Ranjangaon plant. The joint venture company will be manufacturing cars, engines and transmissions for both the partners.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment