Fiat Grande Punto launched in petrol & diesel variants

Published On Jun 17, 2009 12:34 PM By Vikas for Fiat Grande Punto

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Fiat India Automobiles Ltd (FIAL) has introduced its premium compact car Grande Punto on Wednesday in New Delhi. The company rolled it out in both petrol (1.2 litre an 1.4 litre) and diesel modes (1.3 litre). The petrol variant has the price tag of Rs 3.99-5.61 lakh and the diesel model is priced at Rs 4.85-6.11 lakh. The much-awaited car was first unveiled at European market in the year 2005. This car model is launched through a 50:50 joint venture between Italy-based Fiat SpA and domestic auto major Tata Motors. The newly introduced small car would be rolled out from the company's facility at Ranjangaon in Maharashtra. The Grande Punto is to compete with Maruti Suzuki's Ritz, Hyundai i20, Skoda's Fabia and Honda Siel's Jazz. Grande Punto would be retailed through over 100 Tata-Fiat dealers network in India. FIAL Chief Executive Officer Rajeev Kapoor told media persons that Grande Punto's launching is a new milestone for the company in the country since Fiat introduce the Italian designs to the Indian soil. He expressed his confidence by saying that Indian customers are eagerly want to switch to international brands and the compact-car segment is under-tapped.