Fiat India plans CNG variant of Palio by early next year
In a bid to grab larger market share, car manufacturer Fiat India plans to launch the CNG variant of its bread and butter model Palio in the country by early next year.
Fiat, the Italian carmaker, says it is speeding up its planned takeover of Chrysler by paying back government loans to the US and Canada by the end of June and exercising its option to buy an additional 16 per cent stake in the US company for $1.27bn.