Fiat’s purchasing division has today announced it plans to source US$1 billion of parts from India next year, effectively doubling the amount of components it sources from the sub-continent.
The group said 70 per cent of the parts sourced will be used in Fiat India Automobiles, the company’s joint venture with Tata Motors, while the remainder will be for export.
“Our target is to source $1 billion in 2010,” said Mr Franco Cavallotti, Vice President of Fiat Group Purchasing. “That would be about 5 per cent of Fiat’s global sourcing.”
Fiat Group Purchasing is the company that manages purchasing for the entire Fiat group.