Fiat to source more auto parts
Working for a larger car market share and stepping up sourcing of auto parts from India, Italian automobile manufacturer Fiat unfolded its plans to source auto parts worth at least 250 million euro (about Rs. 1,595 crore) from the country by 2010 besides launching the CNG variant of its bread and butter model Palio and rolling out some more cars in the coming 12 months. At present, it is sourcing parts worth 30 million euro from India.