New Delhi, Sept 4 (UNI) Fiat Group is considering supplying engines to the Tata Motors' Jaguar and Land Rover (JLR), if a situation comes across.
''We are ready to supply engines to the JLR, if a situation arises...we are prepared for it but it can be only executed if a situation comes across,'' Fiat Group CEO Sergio Marchionne said while talking to reporters on the sidelines of SIAM annual convention in the capital today.
The company is also looking at rebuilding the Fiat brand in the country and is eyeing a double digit market share with launch of its much-awaited car 'The Fiat Linea', Mr Marchionne said.
''We are comitted to introduce a low cost car but it cannot be same as the Tata's Nano,'' he said, adding that the new low cost car from the Fiat's kitty will be the its lowest priced car manufactured till date.
Firstly, it would be introduced in the developed markets of the Western Europe, Mr Marchionne said.
He, however, maintained that he did not wish to create any sort of competition between the two partners, as both are the key players in the small car segment.
On the cards is a possible joint development programme for next-gen engines for Jaguar and Land Rover that will be fuel efficient enough to make the grade once the new European CO2 emission norms come into force.
Commenting on the standoff in Singur, he said it is a very sensitive matter, but ''I would personally like to see the rollout in October.'' UNI TEAM SG HS1827