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Fiat India MD & CEO Rajeev Kapoor retires

Rajeev Kapoor’s 5-year stint as MD & CEO of Fiat India will come to an end today after the company announced that he will be retiring from his post. A former GM of Hero Honda, Kapoor was appointed MD of Fiat India in 2007. He became the first Indian to hold that position.

The Punto and Linea were launched during his tenure. The most significant development during his stint at Fiat was the joint venture with Tata Motors. The JV invested in car manufacturing and engine plants, while also collaborating in marketing and distribution. However, the JV had an unsuccessful run and incurred massive losses, running over Rs 227 crore in 2010-11. The Italian carmaker’s market share has been on a downfall in recent years. 

 
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