Fiat India Auto to break even in 2011
Fiat India Automobiles, an equal joint venture between India's Tata Motors (TAMO.BO) and Fiat (FIA.MI), will break even in 2011 and will sell 80,000 Fiat-branded cars in the year, a senior official said on Friday.
We expect a cash breakeven in 2011 by which time we will be selling 80,000 fiat-branded cars, Rajeev Kapoor, president and chief executive officer of Fiat India Automobiles, told reporters on the sidelines of a conference.
Sales will be driven by Linea, Grande Punto, Fiat 500 and the Palio, he added. (Reporting by Janaki Krishnan)
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