Fiat, Tata Motors Indian JV to expand capacity


MUMBAI, March 24 (Reuters) - A joint venture of Italy's Fiat and India's Tata Motors said on Monday it will sign a preliminary understanding with Maharashtra state to expand capacity at its plant in western India. Fiat India Automobiles, which sells the Palio hatchback in India, has a plant in Ranjangaon with a capacity to make 100,000 cars and 200,000 engines and transmissions. The company has said the agreement will be signed at 2:30 p.m. (0900 GMT) on Monday at a function in Mumbai. ...

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