FIAT SET TO AXE PUNTO IN FAVOR OF THE 500

Fiat Punto to be axed India
Fiat Punto to be axed India



Fiat is set to let go of it’s staple model , the Punto in favor of the Fiat 500 Hatchback .The Punto which has visually remained almost the same since it’s launch in 2005 , accounted for a third of all the Fiat’s sale in 2007 , but has been seeing a declining Trend .With declining sale’s , the operating Losses for Fiat reached a whooping 2 billion Euro’s in 2011 , and it market share plummeting to just 6.2 percent this year . 

Fiat punto production to end in favor of Fiat 500 iNdia
Fiat punto production to end in favor of Fiat 500 India

However in 2014 , Fiat hope’s to change all that . They are dividing their car’s in to two lines , The Panda and the 500 . The Panda Line car’s are aimed at the budget buyers’ while the 500 line car’s are aimed at the trendy , young driver’s .

The four door Fiat 500 hatchback , is set to be produced in the Fiat’s Tychy plant in Poland . However the exact date for this isn’t officially revealed.
By setting up production in Poland , the company aims to decrease production cost, and increase their profit margin . The company will only use their Italian plants for producing Luxury or premium car’s , so as to get maximum yield from Italy’s skilled but Expensive Laborer’s .