Fiat Chrysler Automobiles NV (FCA) on Wednesday said it plans to spend $150 million to set up a global technology centre in Hyderabad
Fiat Chrysler Automobiles NV (FCA) on Wednesday said it plans to spend $150 million to set up a global technology centre in Hyderabad 
News in Brief

Fiat Chrysler Automobiles NV (FCA) on Wednesday said it plans to spend $150 million to set up a global technology centre in Hyderabad

India Global Business Staff

The centre will create nearly 1,000 jobs by the end of 2021, and will focus on development for future mobility in areas such as connected vehicles, artificial intelligence, data science and cloud technology, FCA said in a statement.

"One of the key objectives ... is to digitalise every aspect of FCA′s automotive operations globally and within India, and to shift from legacy to digital through adoption of emerging technologies," Mamatha Chamarthi, chief information officer for North America and the Asia-Pacific region, said in the statement.

The automaker, which produces and sells its Jeep sport-utility vehicle in India, said it plans to increase hiring for the technology centre over the next two to three years. It also said it plans new cars for 2021.

In a move that renewed hope in India’s civil aviation circles, and sent waves of optimism in business circles, the Tata Group acquired beleaguered national carrier Air India for $2.4 billion last week. The transaction will be completed by December 2021.

Tata Group’s take over of Air India puts the competition on alert

Crowds at a wholesale vegetable market in Kolkata. According to the RBI, the real GDP growth for the first quarter of FY 2022-23 is projected at 17.2 per cent.

RBI says growth impulses strengthening, inflation trajectory favourable

Gadkari focuses on alternate fuels, EVs in clean transport push

India, UAE march towards Comprehensive Economic Partnership Agreement

India’s new Parliament on track to host 2022 Winter Session