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Fiat brand in India was earlier represented through a Joint Venture company called Fiat India Automobiles Pvt Ltd., FIAPL (Name changed to Fiat India Automobiles Ltd., FIAL later) founded in the year 1997 with Fiat S.p.A and Tata Motors as the two partners coming together to produce cars for both brands in a plant set up through joint investments at Ranjangaon, in Pune district of Maharashtra. The board of directors for this company comprises five nominees each from Fiat and Tata. Another key interest area for the Tata-Fiat JV is the production of the 1.3 Multijet engine and corresponding powertrains common to a number of both the Tata & Fiat brand cars in India like Fiat Palio, Fiat Grande Punto, Fiat Linea, Fiat Aventura, Fiat Urban Cross, Tata Vista and Tata Manza.
Even today the Tata Fiat JV plant operates under the FIAL name, as an independent entity and it produces Fiat & Tata brand cars for FCAIPL (Fiat India NSC) & Tata Motors respectively. The company presently employs about 2600 employees. It also undertakes contract manufacturing of engines for Maruti Suzuki India Ltd & Premier Automobiles. Premier Automobiles uses this engine for their compact SUV Premier Rio and the Suzuki cars that used Fiat 1.3 Multijet engines in Indian market include – Ritz, Swift, Swift DZire, SX4 & Ciaz, S-Cross, Vitara Brezza, Baleno.
FIat has a manufacturing plant at Ranjangaon, Maharashtra, which has an installed capacity to produce 135,000 cars and engines, besides aggregates and components. The company plans to double the production capacity for both car units and engines in the next few years. The car plant manufactures both Fiat and Tata cars, the latest additions in 2014 are the Fiat Linea facelift, Fiat Punto Evo, Tata Zest and Fiat Avventura. Engine manufacturing at Ranjangaon plant was the 1.2 litre Fire petrol, the 1.4 litre Fire naturally aspired and T-Jet turbocharged version and the small 1.3 litre Multijet diesel. In 2017 FCA planned to start production of the right hand drive version of the new Jeep Compass to launch on 15 June 2017 at 15 Lakhs. 
While paying a lower purchase price for the same car model used rather than new is the obvious reason to buy a used car, there are others as well.
Reed says new cars typically depreciate about 20 percent when they are driven off the lot. Most cars will lose another 10 percent in value during the first year.
Because a used car has less value than a newer version, the cost of insurance should be less. Reed says even more money can be saved because some elements of car insurance can be dropped.
As with car insurance, the fee that states charge to register a car is often based on the car’s transaction price, Reed says.
You may not be able to afford that new luxury car you’ve lusted for, but one that’s two or three years old may fit your budget.
“Buying someone else’s problems” was how some have described buying a used car. Today’s consumer can minimize the risk and save money while avoiding hidden problems.