Renault's chairman Jean-Dominique Senard publicly blamed the French state for scuppering the deal, a charge rejected by Finance Minister Bruno Le Maire.
Le Maire made the comment in Tokyo, where he is visiting after a weekend meeting of G20 finance officials in Fukuoka.
The Fiat Punto Abarth was launched in India in 2015 and gained a steady and loyal fan-following.
The cancellations came after CMS Energy Corp made an emergency appeal to users on January 30 to conserve natural gas following a fire at a compressor station and extremely cold weather.
In a recent filing to the exchanges, the company said Corporation Bank approached the NCLT to recover dues worth Rs 51.99 crore.
A compact SUV and a three-row mid-size SUV will be launched in 2022.
"It is with the deepest sadness that EXOR has learned of the passing of Sergio Marchionne," the holding company, which is owned by the Agnelli family, said in a statement.
The Indian market has a new segment of cars called crossovers. They come with the same wow factor as an SUV but in a more compact form. Cross-overs are, for the most part, hatchbacks that have been made to look like sport-utility vehicles.
Boparai (48) has many years of experience in the global automotive industry and was most recently CEO of Fiat India Automobiles Ltd. He will assume this new role from April 2.
The company will start the delivery of the automatic petrol variant first followed by that of the manual version.
The Jeep Compass SUV had gained wide popularity and had received over 10000 bookings since being launched in July
Overdrive brings the first look of all new Audi A4. Also watch, Autoslector with Bertrand D‘souza and the latest from Round 2 of the JK Tyre Racing Championsip. Overdrive also gets its hands on the upcoming hatchback from Fiat.
Gas supplies to Wanfeng Aluminimum Wheels (India) Pvt Ltd's plant at Rewari in Haryana commenced on June 27, company sources said.
Alexander Dobrindt said in a statement today that Fiat's behavior was "completely incomprehensible" as there were "concrete allegations" against the automaker.
"Ola will be helping to reduce the financial burden on new driver-partners by supporting its driver partners pay off the first two EMIs," Ola said in a statement.
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Kotak says that it would have been better if Tech Mahindra had put its cash to acquire capabilities in the digital or financial services domain, instead. Tech Mahindra needs to be prudent on cash management or else it will risk losing investor confidence in capital allocation decisions.
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Fiat has created a minor crossover spin off in the form of the Avventura and has now squeezed more juice out of the platform, added a hint of some sweet poison to serve the avventura by abarth
Hatchbacks in India are often considered a basic form of four-wheeled personal transport. The last decade has seen some high-end hatchbacks enter the market too, but very few of them serve the needs of the performance junkies. Now, Fiat - a manufacturer who's laid low for quite some time now, has decided to do something about it.
"The partnership with Fontana Gruppo would enable the fasteners business of Bagla Group to acquire necessary technological expertise, size and scale, to become the largest fasteners manufacturer in India," the company's chairman Rishi Kumar Bagla said.
GM's board rebuffed a merger proposal from the Italian-American carmaker earlier this year. That has not stopped Marchionne from wooing his bigger competitor as he seeks to reduce the number of players in the industry and share the prohibitive costs of building greener and more intelligent cars.
The company is targeting to address needs of those customers who are looking for a pure SUV in the compact segment, which at present is dominated by crossover models.