Fiat Chrysler to invest USD 150 million in Hyderabad R&D centre

[hyperbole]

after GM, fisker another amatican car maker setting up their R&D center in Hyderabad 

Fiat Chrysler to invest USD 150 million in Hyderabad R&D centre, create 2400 jobs

The automotive brands of FCA include some of the world’s best engineered and luxury cars, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram and Maserati.

Oishani Mojumder

A Fiat car is pictured at the economy ministry in Berlin. (File photo | Reuters)

HYDERABAD: There will soon be another feather in Hyderabad’s cap. Fiat Chrysler Automobiles (FCA), a global automotive giant, is all set to kick-start plans to se tup a research and development centre at Gachibowli in Hyderabad in partnership with the Telangana government.

The company is planning to invest close to USD 150 million and it is expected to provide jobs to 2,400 youths. An official announcement to this effect will be made on Wednesday.

The automotive brands of FCA include some of the world’s best engineered and luxury cars, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram and Maserati. While the automobile giant has over 48 R&D centres across the world in over 40 countries, this will be their first R&D centre in India.