Yogesh Sarkar
Administrator
Fiat India is all set to exit the car business in India, thanks to lackluster sales (selling just 101 cars between December 2017 to November 2018) and due to the inability of all its model to meet the upcoming safety and emission norms in India.
In order to meet the norms, Fiat would have had to invest Rs. 4,300 crores, which considering the lackluster sales, didn't make any sense.
Fiat India has asked its dealers to sell off the current stock by April 2019.
In order to meet the norms, Fiat would have had to invest Rs. 4,300 crores, which considering the lackluster sales, didn't make any sense.
Fiat India has asked its dealers to sell off the current stock by April 2019.