MAM
Fiat cuts prices of flagship model Palio
BANGALORE: Fiat India Private Ltd has announced a cut down on the prices on its flagship model Palio. The price reduction from Fiat, with immediate effect in Mumbai, will be implemented for all the three Palio models. Price reduction in other cities will be made over the next few days.
With this reduction the top end model Palio -1.25 litre ELX will now be available at Rs. 4.15 lakh which means Rs. 22,000 less than its current mark up, states an official release.
Speaking on the price cut, Fiat India Pvt Ltd MD Paolo Castagna said, “Fiat in order to beat the competition of Swift and Getz has reduced the Prices of Palio 1.25 ELX from Rs. 4,37,000 to Rs. 4,15,000. The customers would benefit a reduction of Rs. 22,000. The price of Palio 1.25 EL will be reduced accordingly.
The new prices are effective immediately. “We have recognized various roadblocks and understand the need to create the required consumer confidence making Fiat the most preferred choice. With a renewed brand strategy, focusing on the premium end of the growing automobile sector we have also recently launched a state-of-the-art service station in Gurgaon,” added Castagna.
MAM
Toyota appoints Kenta Kon as President & CEO
New leader to steer EV push and global innovation amid industry shift.
MUMBAI: Toyota just handed the keys to a new driver because when the road to electric mobility gets twisty, you need someone who knows how to accelerate without skidding. Toyota Motor Corporation has named Kenta Kon as its new president and chief executive officer, a key leadership transition as the Japanese giant doubles down on its transformation in the fast-evolving global automotive landscape.
Kon brings deep expertise in automotive innovation, business strategy, and operational leadership to the top job. His appointment signals Toyota’s intent to sharpen focus on accelerating electric mobility, strengthening worldwide operations, and pushing customer-centric breakthroughs in next-generation technologies.
The company is betting on Kon to guide it through the industry’s pivotal shift toward sustainability, digital integration, and smarter mobility solutions. Key priorities under his watch include ramping up electric and hybrid lineups, expanding global market reach, driving cutting-edge automotive R&D, tightening supply-chain efficiency, and scaling connected and intelligent vehicle ecosystems.
This move comes at a time when legacy automakers face intense pressure to balance heritage strengths with aggressive electrification timelines and software-defined vehicle demands. Toyota aims to reinforce its position as a leader in sustainable, reliable, and future-ready mobility while navigating competitive challenges from both traditional rivals and new-age EV players.
For a brand that’s long defined durability and innovation, Kon’s elevation isn’t just a title change, it’s Toyota flooring it toward the next lap, ready to turn today’s tech talk into tomorrow’s showroom reality.
