In March 2008, Fiat India Automobiles signed a memorandum of understanding with the state government of Maharashtra to increase total investment in the plant to 40.2 billion rupees (US $ 997.5 million), which will enable the joint venture to double output by 2012, from the originally planned 100,000 to 200,000 vehicles per year, and between 200,000 and 300,000 engines and transmissions. Even if it was not decided how the planned total of 200,000 vehicles will be divided between Tata and Fiat in the future, Sergio Marchionne was more than optimistic about the development of the Fiat-Tata relationship. "Hide
Africa Arino Source: IESE 6 pages. Publication Date: January 19, 2010. Prod. #: IES222-PDF-ENG
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