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FIAT was founded in the year 1899 and it is one of the oldest and successful groups in Europe. FIAT stands for Fabbrica Italiana Automobili Torino, which translates into Italian Automobile Factory of Turin. They primarily manufacture automobile and engine. Previously it has also manufactured railway engines, carraiges, military vehicles and aircrafts. It is the largest company in Italy and 9th largest in the world without including the 2009 Chrysler acquisition. It has production facilities in Brazil, Argentina and Poland and Joint Venture in number of countries.
In India, FIAT collaborated with Premier Automobiles Ltd. The company began producing version of FIAT 500 from 1951 onwards. In 1997 FIAT made a 50-50 joint venture with Tata Motors. It started building Palio Stile Multijet. In 2009 they launched internationally acclaimed cars like Linea, Grande Punto and Bravo. Through this venture FIAT sold their cars through Tata Motors dealership and also manufactured in their location. Presently FIAT is looking to open FIAT exclusive showrooms on its own and strengthen its base in India before launching any new cars.