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 Motors 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 135,000 cars and engines, besides aggregates and components. The company plans to double the production capacity for both car units and engines in the next few years. The car plant manufactures both Fiat and Tata cars, the latest additions in this year (2014) are the Fiat Linea facelift, Fiat Punto Evo, Tata Zest and Fiat Avventura. Engine manufacturing at Ranjangaon plant was the 1.2 litre Fire petrol, the 1.4 litre Fire naturally aspired and turbocharged version and the small 1.3 litre Multijet diesel.
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.