Fiat India Automobiles (FIAL), a 50:50 industrial joint venture between Fiat Group Automobiles and Tata Motors (Q,N,C,F)* intends to increase its focus on exports under which it had already exported the recently launched Fiat Linea to South Africa, reports Business Line. Accordingly, the company has begun testing new growth opportunities overseas with sharp focus on SAARC countries like Nepal, Bhutan and Sri Lanka as well as other right-hand drive countries As a first step, it exported a batch of Fiat Linea to South Africa, a batch similar to the one driven on Indian roads. Fiats products have been well received in South Africa in the past with supplies coming from Fiats Brazil and European plants. Shares of Tata Motors gained Rs 7.85, or 2.48%, to trade at Rs 324.75. The total volume of shares traded was 50 at the BSE (11.47 a.m., Monday).Source : http://www.myiris.com/newsCentre/storyShow.php?fileR=20090817115655198&dir=2009/08/17&secID=livenews
