March 24, 2008 / 7:18 AM / 11 years ago

Fiat, Tata Motors Indian JV to expand capacity

MUMBAI (Reuters) - A joint venture of Italy’s Fiat and India’s Tata Motors said on Monday it will sign a preliminary understanding with Maharashtra to expand capacity at its plant in western India.

An employee works in the Fiat factory at Ranjangaon, around 190 km east of Mumbai in this April 2, 2007 file photo. A joint venture of Italy's Fiat and India's Tata Motors said on Monday it will sign a preliminary understanding with Maharashtra to expand capacity at its plant. REUTERS/Danish Ismail/Files

Fiat India Automobiles, which sells the Palio hatchback in India, has a plant in Ranjangaon with a capacity to make 100,000 cars and 200,000 engines and transmissions.

The company has said the agreement will be signed at 2:30 p.m. on Monday at a function in Mumbai. No other details were available.

Fiat has said it plans to launch four models in India in 2008/09 (April-March), including the Linea and Fiat 500.

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