Tata Motors and Italian-American firm Fiat Chrysler Automobiles (FCA) ended their marketing tie-up two years ago but are reportedly set to extend their partnership on product development and manufacturing. The two are working on local development of FCA’s two-litre multijet diesel engine, which will power two of Tata’s premium sports utility vehicles (SUV) and FCA’s new compact SUV, marketed under the ‘Jeep’ brand. All three vehicles will hit the market around 2017. The strategy is designed to benefit both sides. FCA will get increased economies of scale for local manufacturing of the same engine at the Tata-FCA joint venture (JV) manufacturing facility at Ranjangaon near Pune.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
Company Name | CMP |
---|---|
Tata Motors | 947.20 |
Ashok Leyland | 201.40 |
Force Motors | 9145.00 |
Olectra Greentech | 1709.90 |
Tata Motors - DVR | 637.75 |
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