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Article: India : Fiat to source components worth $1 billion from India.
- Article from:
- TendersInfo
- Article date:
- September 5, 2009
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Byline: pinto03
The Fiat Group based in India plans to source auto components worth $1 billion (around Rs 4,900 crore) from domestic auto ancillaries in 2010. About 70 per cent of the outsourced parts will be solely for the Fiat Group s multiple operations in India.
By next year, our purchasing office here will increase the quantum of outsourcing from India by 70 per cent to around $1 billion, Gianni Coda, CEO of the Italy-based Fiat Group Purchasing, said. Coda made the announcement during the 49th national conference of the Automotive Component Manufacturers Association of India, or ACMA, held in the capital today.
In India, the Fiat Group ...