Tata Motors, Fiat in JV to raise investment to USD 1 bn
The Indian joint venture of Italy`s Fiat and India`s Tata Motors (Q, N,C,F)* will increase its total investment to Rs 40.4 billion (USD 1 bn) to expand a unit in Western India, reports Economic Times.
Fiat India Automobiles will use the funds to ramp up operations to produce 200,000 cars, 300,000 engines and 300,000 parts and accessories.
