Fiat will source parts for low cost car from India

The Italian Auto major -FIAT has said that India will play an important role in the launch of FIAT’s low cost car brand which is expected by year 2010.

Earlier, Fiat had plans of confining the low cost brand to the European markets. Now though, FIAT is considering India as a key hub for its new brand chiefly for supply of cheap yet durable components.