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Fiat to bring revamped Palio with improved engine and features

Revamped Fiat Palio Price in India

Fiat will soon bring the new revamped Palio in India. The new Palio will hit the Indian automobile market with a new name and will be pitted just below the Grande Punto hatchback. The new Palio will be available in 1.0L petrol engine and 1.3 L diesel motor in the country.

The relaunch of Palio that failed to grab many eyeballs in India is seen as Fiat’s aggressive attempt to have a strong foothold in the compact car segment. With a revamped Palio the automaker also attempts to win customer confidence that it lost earlier. Interestingly Indian small car segment is among the fastest growing segments in the world.

The new small car by Fiat is likely to face tough rivalry from the other popular hatchbacks including Hyundai Santro, Maruti Suzuki Swift, Chevrolet Beat and Spark, Tata Indica and Ford Figo. In order to stay in sync with the ever changing market trends automobile manufacturers have to update themselves by launching new and improved models from time to time. Shelving or phasing out products from the market is also done in order to make room for the new and improved models and Fiat did exactly this when it launched Grande Punto hatchback.

Details about the pricing and specifications of the new revamped Palio are yet to be announced by the company. There is a lot of anticipation about Fiat’s new Palio and given the fact that Indian compact car segment offers a lot of potential to small car manufacturers, Fiat sees the car segment as a good opportunity to grab a greater share of the pie. Presently Fiat managed to sell only 300-400 units of the car in nine months of this year but after it introduces the revamped model it hopes to sell 130,000 cars per year by 2014.