The slowdown in the car market is affecting the launch plans of car companies. Italian automotive major Fiat India Automobile (FIA) will launch its new mid-size sedan Linea in December instead of October due to the poor sentiment prevailing in the market. Its second launch Grande Punto has also been pushed back and will now hit the market sometime next year instead of December.
The company is reviewing its launch plans after taking stock of the poor demand sentiment in the car market. FIA CEO Rajeev Kapoor told ET: “We are optimistic that the market will improve in the last quarter of this year.
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Courtesy: economictimes.indiatimes.com
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