FCA to Export Right-Hand-Drive Jeeps from India
Fiat Chrysler Automobiles NV will use its planned local production of right-hand-drive Jeep SUVs in India to supply vehicles to Australia, South Africa and the U.K., The Times of India reports.
#economics
Fiat Chrysler Automobiles NV will use its planned local production of right-hand-drive Jeep SUVs in India to supply vehicles to Australia, South Africa and the U.K., The Times of India reports.
FCA said last month it intended to invest $280 million to establish Jeep assembly operations in Ranjangaon in the second quarter of 2017. At the time, the company didn't identify the Jeep model or indicate whether it planned to export any units.
The new Jeep is code named C SUV and likely will be priced at about 1.5 million rupees ($23,500), according to the Times. That would be less than one-third the cost of an imported Jeep, which is subject to a 180% import tariff.
FCA will build the new model through its manufacturing venture with Tata Motors Ltd. The alliance currently makes the Fiat Linea small sedan and Grand Punto five-door hatch for FCA.
RELATED CONTENT
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.