Fiat Chrysler Automobiles is close to making more revenue in India than it invested in a factory at Pune, 90 miles from Mumbai, due to strong customer response to the Jeep Compass SUV it launched in late July.
“It is expanding into the world’s largest markets such as India that is fueling our growth and accelerating our expansion,” said Paul Alcala, who heads the company’s operations in Asia.
The Economic Times reports that the Italian-American automaker has so far secured orders for 8,171 units of Jeep Compass 2017 worth $245 million in India; the company has invested $280 million in the factory.
Fiat Chrysler Automobiles is ramping up production and is working toward a 25% more output than initially planned. The company says it will operate two shifts for six days a week for the first time since the plant was set up a decade ago. Production of export-designated vehicles has not started yet.
