Premier Ltd (formerly Premier Automobiles Ltd) and Fiat India Automobiles Ltd have signed a three-year agreement for supply of Fiat's 1.3 litre multi-jet diesel engine to be used in Premier's compact SUV Rio.
Fiat will initially supply 28,000 engines to Premier during the agreement period. According to Premier, the volume may rise further with increase in demand for Rio.
"The engine will be built at Fiat's Ranjangaon plant and supplied to Premier's factory at Chinchwad, Pune, about 60 km away, enabling daily 'just-in-time' deliveries", Premier said in a release.
This is the same engine which powers Maruti Swift and Tata Indica, and so Premier expects to increase the sales of Rio to all major metros with this new engine. The new engine will enhance Rio's power from the current 64 BHP to 75 BHP for the diesel version. It will also enhance fuel efficiency from 16 km per litre to 18 km per litre.
Premier currently has a nationwide service network of 60 dealers, which the company says it is is raising to 100 by December 2012. It is also setting up 200 Premier Authorised Service Stations equipped to support the Rio. Premier said it is in the final stages of technical integration and expects to start initial deliveries by August/September 2012.
The tentative ex-showroom price of the Rio with the new engine is expected to be Rs45,000 more than the current comparable diesel models. Premier attributes this to the incorporation of BS III and IV engines and subsequent technical changes.
Fiat will initially supply 28,000 engines to Premier during the agreement period. According to Premier, the volume may rise further with increase in demand for Rio.
"The engine will be built at Fiat's Ranjangaon plant and supplied to Premier's factory at Chinchwad, Pune, about 60 km away, enabling daily 'just-in-time' deliveries", Premier said in a release.
This is the same engine which powers Maruti Swift and Tata Indica, and so Premier expects to increase the sales of Rio to all major metros with this new engine. The new engine will enhance Rio's power from the current 64 BHP to 75 BHP for the diesel version. It will also enhance fuel efficiency from 16 km per litre to 18 km per litre.
Premier currently has a nationwide service network of 60 dealers, which the company says it is is raising to 100 by December 2012. It is also setting up 200 Premier Authorised Service Stations equipped to support the Rio. Premier said it is in the final stages of technical integration and expects to start initial deliveries by August/September 2012.
The tentative ex-showroom price of the Rio with the new engine is expected to be Rs45,000 more than the current comparable diesel models. Premier attributes this to the incorporation of BS III and IV engines and subsequent technical changes.
This article was Posted by:
Kurian Akkara
Source: domain-b.com
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