Fiat India may consider price hike

New Delhi, Aug 28 (PTI) Carmaker Fiat India
Automobiles Friday said it will consider raising prices of its
products as the margins are under pressure.

"There are no margins left ... we may look at revising
our prices upward," Fiat India Automobiles President Rajeev
Kapoor told reporters on the sidelines of the SAIM annual
convention here.

The company expects sales to cross 27,000 units this
year on the back of newly launched small car Grande Punto and
sedan Linea.

Kapoor also said the company would start exporting
Linea to South Africa from September this year.

Fiat India Automobiles--the 50:50 joint venture
between Italy's Fiat and Tata Motors, has recently arranged Rs
2,500 crore financing for completing the construction of its
manufacturing facility at Chakan.

Fiat had announced Rs 4,000 crore investment in India
operations. PTI TEAM
ANU