Tata Motors, the country's top automobile firm, and Italian firm Fiat Group plan to invest Rs 4,000 crore in their new automobile plant that will generate 24,000 jobs.
The factory near Pune was inaugurated by Maharashtra Chief Minister Vilasrao Deshmukh.
"This factory, a 50:50 joint venture between Tata and Fiat, would create 4,000 direct and 20,000 indirect jobs," Fiat Auto Vice-President Stefan Ketter told reporters.
The plant would have the capacity to produce one lakh cars and two lakh engines per year, he said.
Next year, the Italian auto major would start producing its international models from the Ranjangaon factory, Ketter said.
Courtesy : Expressindia.com
The factory near Pune was inaugurated by Maharashtra Chief Minister Vilasrao Deshmukh.
"This factory, a 50:50 joint venture between Tata and Fiat, would create 4,000 direct and 20,000 indirect jobs," Fiat Auto Vice-President Stefan Ketter told reporters.
The plant would have the capacity to produce one lakh cars and two lakh engines per year, he said.
Next year, the Italian auto major would start producing its international models from the Ranjangaon factory, Ketter said.
Courtesy : Expressindia.com