Fiat Chrysler Automobiles, which is trying to make a name for itself in India has stated that it will locally produce the model Jeep Compass at the Pune plant.
The Compass will be manufactured at the Ranjangaon plant Pune and the model will be rolled out in the first half of next year. The FCA India has code named this new model as the C-SUV.
According to the sources, the Compass will be priced below Rs 25 lakh. This time, FCA wants to target the price sensitive mid-market SUV segment.
The Jeep Compass will go head on with the likes of Hyundai Tucson, BMW X1, Honda CR-V, Toyota Fortuner, Ford Endeavour, Chevrolet Trailblazer and Audi Q3.
Fiat Chrysler Automobiles India President and Managing Director, Kevin Flynn said, "We have named our first to-be-India-made SUV as Jeep Compass which will be locally manufactured from mid-2017."
He added, "The Compass will be our first localised Jeep product in India and will roll out of our Ranjangaon facility near Pune."
The Ranjangaon plant situated at Pune has an annual capacity of 1,60,000 units a year, which is currently being used by Fiat.
The Jeep compass was revealed last week in Brazil and will be showcased at the Los Angeles Auto Show which will be aimed at North American markets too.
FCA is also expanding its dealership network. The so-called Jeep Destination Store has already been set up in Ahmedabad and Delhi. Outlets at Hyderabad, Chandigarh, Kochi and Bangalore will be opened before this year.