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Home arrow Automotive arrow Fiat to export components worth nearly USD 300 million from India by 2010
Fiat to export components worth nearly USD 300 million from India by 2010 Print E-mail
Written by Anand   
Friday, 04 September 2009
New Delhi: By 2010, Fiat intends to source components worth USD 1 billion from India for its global operations, of which components worth USD 300 million will be for exports. Components worth approximately USD 750 million would be for Fiat India Automobiles Limited (FIAL), a 50:50 Joint Venture between Tata Motors Limited and Fiat Group Automobiles SpA.

Franco Cavallotti, vice president - International, Fiat Group Purchasing (handling purchasing for the entire Fiat group) said that this would constitute about 5 per cent of Fiat's global component requirment.

He was speaking at the Golden Jubilee Session of the Automotive Component Manufacturers Association of India (ACMA).

Emphasising the importance of developing a strong local supplier base, Gianni Coda, CEO, Fiat Group Purchasing said that Fiat would push it's global partners to start joint ventures in India.

Cavallotti mentioned that the company was open to new projects and partnerships. He said that the company was currently sourcing from approximately 50 vendors and that this number would be increased by next year. The company plans to step-up sourcing for it's agri-machinery business. Magnetti Marelli is already engaged in nearly 14 joint ventures with component manufacturers in the country.

This year the company plans to source components worth between USD 450 million - USD 500 million.

Fiat had opened a purchasing office in Delhi last year.

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