August 5, 2014: Fiat Automobiles which earlier had a tie up with Tata Group post its break up and the launch of new Fiat Linea has announced the launch of its new compact car Punto Evo in India. Fiat earlier had Punto in the Indian market but the model has undergone a change and has been launched at an introductory price ranging between Rs.4.55 lakh to Rs.7.19 lakh (ex-showroom Delhi). The petrol version of Fiat Punto Evo will be available in the price range of Rs.4.55 lakh-Rs.6.65 lakhs and diesel variants would be sold in the range of Rs.5.27 lakh to Rs.7.19 lakh
The company would be launching its compact SUV Avventura which was showcased at the Auto Expo in February within 2 months. This was said by Fiat Group Automobiles India President and Managing Director Nagesh Basavanhalli. He was further quoted as saying, “We are now strengthening our product portfolio in India with cars that are designed and engineered keeping Indian conditions and need in mind.”
Fiat which has its presence in India through a wholly owned subsidiary is planning to have five vehicles in its portfolio by December this year. The company would be having nine models by 2016. The other models to be launched by Fiat in India include luxury hatchback Abarth 500 which will be launched later this year and the Jeep brand which would be launched by 2015. Wrangler and Grand Cherokee from the Jeep brand and Abarth Punto would be launched by Fiat in 2015.
The new Fiat Punto Evo will take on the likes of Maruti Suzuki’s Swift, Hyundai i20 and Honda Brio in India.