Fiat planning hybrid, India-specific small cars

Auto manufacturer Fiat India could come out with a hybrid car by the year-end or early 2011, apart from an India-specific small car, a senior company official said. The hybrid car will be powered by compressed natural gas (CNG) and gasoline, said Fiat India President and Chief Executive Rajeev Kapoor said. Fiat also plans to double sales this year to 46,000 units but will not launch any new cars other than the variants of existing models, Kapoor added. (January 6, 2009)