Fiat India Automobiles Limited (FIAL) was originally incorporated on 2 January 1997. The company presently employs about 2600 employees and is located at Ranjangaon in the Pune District of Maharashtra. The definitive agreement of the Joint Venture between Fiat S.p.A (Italy) and Tata was signed on 19 October 2007. The board of directors for this company comprises five nominees each from Fiat and Tata. Earlier, Fiat used to sell the 1100, 124 and Uno in India, manufactured under licence by Premier Automobiles Limited.
FIAT has a manufacturing plant at Ranjangaon, Maharashtra, which has an installed capacity to produce 100,000 cars and 200,000 engines, besides aggregates and components. The company plans to double the production capacity for both car units and engines in the next few years.
FIAT sold 23,551 vehicles in 2009 and registered an increase of 241% compared to the previous year sales which stood at 6,897 vehicles. It plans to sell 130,000 cars annually in India by 2014.