New Delhi: India’s car market is said to be losing interest in global car companies. Some of these signals came after Honda shut down production at its car factory. But in the last few days, there have been incidents that disprove this fear. The American company Ford has reconsidered its decision to move forward with Mahindra & Mahindra. It has decided to continue its journey alone. At the same time, Fiat Chrysler Automobile (FCA), one of the foreign car companies, announced today that it will invest $ 250 million in India. The FCA will soon launch a new Jeep branded product in the Indian market. The company will bring four new products. These are the Jeep Compass 4, the new Ranger 4 and the Grand Cherokee SVU. All of these new models will be available in the market by the end of the year. The company will produce its Ranger 4 and Grand Cherokee in India. The price of these vehicles is said to be reduced if produced domestically. Announcing the new investment, Dr Partha Dutta, Managing Director of the company, said, “This will allow us to stay ahead of the competition in various product categories. The company has already invested $ 450 million in India in the last five years. He said the company was committed to boosting vehicle production in India.
