Fiat India Ltd. has completely restructured its business and shifted all operations to a new 200-acre (81 ha) joint-venture plant in Ranjangaon near Pune. To generate cash, Fiat India recently sold 53 acres (21 ha) in Kurla for Rs6.1 billion ($152 million). The property originally belonged to Premier Automobiles Ltd. (PAL), which had entered into a JV with Fiat in 1995. But the two had a falling out, and the partnership was dissolved in 1998, with Fiat purchasing the factory. Fiat India ...

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