Tata Motors & Fiat to set up Rs. 3,000 crore joint assembly line to manufacture SUVs.

In what may mark a major partnership in the auto sector, Tata Motors and Fiat are planning to set up a joint SUV assembly line, reported ET Now. According to ET Now, the two auto majors will jointly invest around Rs. 3,000 crore for the assembly line.

The capacity of the new line is expected to be around 1 lakh units. 'While Tata Motors will look to manufacture its Q501 and Q502 SUVs from the line, Fiat is expected to use it for its Jeep models,' the channel reported.

The assembly line is likely to come up in Fiat's Ranjangaon unit, where the auto company already has a 50:50 manufacturing joint venture with Tata. The Ranjangaon unit rolls out Tata's Zest and Bolt and Fiat's Linea currently.


ET