Fiat India Automobiles Limited
is a 50-50 JV
between Fiat Group Automobiles S.p.A.
and Tata Motors
. It is the ninth largest car maker in India by sales.
was originally incorporated on 2 January 1997. The company presently employs about 2600 employees and is located at Ranjangaon
in the Pune
District of Maharashtra
. The definitive agreement of the Joint Venture between Fiat
was signed on 19 October 2007. The board of directors for this company comprises five nominees each from Fiat and Tata.
Earlier, Fiat used to sell the 1100
in India which was manufactured by Premier Automobiles Limited
has a manufacturing plant at Ranjangaon
, which has an installed capacity to produce 100,000 cars and 200,000 engines, besides aggregates and components. The company plans to double the production capacity for both car units and engines in the next few years.