Fiat is working on launching a CNG version of Palio in the Indian market soon. It is a much needed version that the company should have launched long back. CNG is cheaper than petrol in India and it is expected to boost the sales of Palio in the market. Fiat currently sells the Palio car in petrol and diesel versions. After the launch of Linea and Grande Punto, the launch of CNG version of Palio will help Fiat strengthen its position in the big market of small cars.
Significantly, the CNG plans from Fiat comes at a time when the automotive industry in India is looking at shifting to environment-friendly fuels that would cut costs as well as CO2 emissions. The CNG version of Palio will join the likes of Tata Indica, Hyundai Santro, Maruti Wagon R, Ford Ikon and Marina, which are models that now run on CNG and LPG.
In 2006, Fiat's Brazilian arm launched Siena Tetra Fuel, which operates on CNG, ethanol, gasoline and ethanol-blended gasoline. Fiat produced 50,000 natural gas-fuelled vehicles in Italy last calendar year. In India, Fiat will kick start its green models with the launch of Palio in 2009.
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