Fiat could use its Indian partner Tata Motors to co-develop the car, which is also producing its own budget model. "Fiat and Tata can do many things together, working in various geographical areas and using various shared platforms," Marchionne said.
Toyota Chief Katsuaki Watanabe also speaking at the show confirmed that it too was developing a low-cost model but hasn’t determined where the new car will be manufactured and in what markets it will be sold.