In March 2008, Fiat India Cars signed a MoU with the Maharashtra state administration to enhance the overall financial investment at the plant to 40.2 billion rupees (United States $997.5 million) which would enable the joint endeavor to double output by 2012 from the initially prepared 100,000 to 200,000 vehicles each year and from 200,000 to 300,000 transmissions and engines.
Regardless of the fact that it was not selected how the overall of 200,000 organized cars would be divided in between Tata and Fiat in the future, Sergio Marchionne was more than positive about the advancement of Fiat-Tata relationships.
PUBLICATION DATE: January 19, 2010 PRODUCT #: IES222-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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