Fiat India is considering raising prices of its cars as the margins are under pressure. Fiat expects to sell in excess of 27,000 units this year on the back of newly launched cars, the Grande Punto and Linea. Fiat will start exporting the Linea to South Africa from September. The company had announced Rs 4,000 crore investment in India operations.
“There are no margins left. We may look at revising our prices upward,” Fiat India President Rajeev Kapoor said.
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August 29th, 2009 at 4:46 pm
initial brisk sales doesnot justify price hike in a sensitive market.