FIAT India Automobiles Ltd today announced a growth of 82.2% in sales for the month of May 2010 over May 2009. Fiat India’s total sales (including exports) of FIAT branded vehicles in May 2010 stood at 2,235 as compared to 1,227 vehicles sold in May 2009.
The company’s cumulative sales (including exports) for the fiscal currently stands at 4257 vehicles as against 2516 vehicles sold last year. With these impressive numbers, Fiat India has witnessed a 69.2% growth in fiscal sales for the year 2010-11 as against 2009-10.
Fiat currently offers the Fiat Linea, Fiat Grande Punto, Fiat Palio and Fiat 500 in the Indian market.
Fiat India Automobiles Limited (FIAL) is a 50-50 Industrial Joint Venture between Fiat Group Automobiles S. p. A., (Fiat) and Tata Motors Limited (Tata) originally incorporated on January 02, 1997. The company employs about 2775 blue & white collar employees and is located at Ranjangaon in the Pune District of Maharashtra. The definitive agreement of the Joint Venture was signed in October 11, 2007. The board of directors for this company comprises of five nominees each from Fiat and Tata.
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