The name of the new Fiat hatchback has been officially established as Argo X. This announcement was made on Monday, the 20th, by Stellantis' president for South America, Herlander Zola. The vehicle will be a relative of the new European Grande Panda but will undergo adaptations to meet the preferences of the Brazilian market.
This name had previously been disclosed by journalist Marlos Ney Vidal from the Autos Segredos portal. Furthermore, Fiat confirmed that the current Argo version will continue to be manufactured, and it is expected to receive the nickname Urban, information also brought by the colleague journalist.
According to Herlander Zola, the choice of the name Argo X occurred after studies conducted by Fiat, which pointed to public criticism of the brand due to its frequent change of nomenclature. This previous practice would have contributed to the devaluation of models such as Punto, Bravo, and Brava.
The Fiat Argo X will be the first car produced in Betim (MG) using the modular CMP platform. This model will serve as a base for other vehicles and represents the first of five new automobiles that the brand plans to launch by 2030.
Stellantis allocated an investment of R$ 32 billion for South America, with R$ 14 billion of this amount specifically directed to Betim. The CMP platform will also be used to develop two new SUVs and the next generation of the Strada pickup truck. Currently, Fiat holds the position of top seller of cars and pickups in Brazil, and its local subsidiary is responsible for 40% of the company's global sales.
Although derived from the Fiat Grande Panda, the Argo X will present notable distinctions. In the Brazilian market, the name will not be visible on the body, and the brand emblem will be centralized on the front grille. There will also be specific modifications, such as in the wheel design.
Internally, the environment will be designed more soberly compared to the European model, incorporating the Grizzly SUV dashboard, which will be the successor to the Pulse. All versions of the Argo X will come equipped with a digital dashboard, six airbags, and the ADAS package.
The Autos Segredos portal anticipates that the launch of the Argo X will include an option with a 1.0 Firefly naturally aspirated engine and another with a 1.0 turbo engine equipped with a 12-volt mild hybrid system. The latter will have its power adjusted to 116 hp, aiming to qualify the vehicle for tax incentives intended for sustainable models.
The 'Shatakka Olish' mechanism contributes to strengthening the economic self-sufficiency of local production enterprises. Five years ago, at an industrial fair organized at the Noviy Machine-Building Plant of the complex, an exhibition took place. At this exhibition, new types of products replacing imports, developed based on inventions, rationalization proposals, and innovative ideas from a large industrial enterprise, as well as in cooperation with local producers, were presented.
The exhibition showcased products that were implemented, are planned for implementation, or recommended for implementation at local enterprises, replacing imported goods. Later, technological cooperation with local enterprises within the framework of the 'Shatakka Olish' mechanism continued.
Noviy Konmetallurgiya Complex became the first in the republic to implement this mechanism. To date, more than 200 types of import-substituting products have been purchased from partner enterprises under this mechanism. Over the past five years, new types of products have been acquired as a result of the 'Shatakka Olish' process, and goods worth 3 trillion sums have been purchased for the complex's needs.
According to Ulugbek Sanakulov, head of the 'NKMK' department, in 2025, products supplied by enterprises participating in the 'Shatakka Olish' program amounted to 783 billion sums, which is almost three times higher than the figure for 2021. He also noted that the economic indicators of these enterprises are growing steadily. Long-term partners include companies such as 'Gidro Stanko Servis' MChJ, which supplies equipment and spare parts for mines; 'Navpromlitmash' MChJ, which supplies mining equipment, filters, and steel alloys; 'Chilon Lubricants' MChJ, which supplies technical oils and reagents; 'Noviy Elektrod Zavod' MChJ, which supplies graphite electrodes; 'Noviy Elektromontaj' MChJ, which supplies electric motors and equipment; 'Euro Prom Lider' MChJ, which supplies filter fabric; and 'Carbon Polymer' MChJ, which supplies fluoroplastic and polymer products, as well as other types of goods.
Another positive result of this mechanism is the formation of the 'Shatak Pyramid,' where enterprises included in the 'Shatakka Olish' program begin to independently attract other, smaller enterprises into this system. One such example is the enterprise 'Navpromlitmash.' Established in 2007, the joint-stock company 'Navpromlitmash' produces dozens of components, including non-standard equipment, copper and brass pipes, and cast iron products. Furthermore, under the brand 'Universal Filter,' this joint-stock company produces air and oil filters for industry and automobiles, which contribute to import substitution.
Ibrohim Faiziyev, Director of 'Navpromlitmash' MChJ, recipient of the 'Dostlik' Order, reported that in 2025, the enterprise produced over 220 types of products. In cooperation with 'Noviy Konmetallurgiya Complex,' 400 billion sums worth of spare parts were produced last year. The manufactured equipment and spare parts are supplied not only to 'Noviy Konmetallurgiya Complex' but also to large industrial enterprises such as 'Olmaliq Konmetallurgiya Complex,' 'Noviyuran,' 'Noviyazot,' and 'Noviy Issiqlik Elektrostantsiyasi,' which strengthens the enterprise's reputation as a reliable partner.
As part of the program for expanding and modernizing production for the period 2022–2026, it is planned to produce 150 thousand aluminum and copper wires annually for cable conduits, as well as 300 thousand air and oil filters for industry and automobiles. It is important to note that this has created new jobs and provided the opportunity to produce import-substituting products worth 249 billion sums per year.
Thus, the 'Shatakka Olish' system not only strengthens the economic independence of local enterprises but also promotes the development of design and technological documentation, as well as the production of new types of import-substituting products.
Rallis India Ltd, a company engaged in the agricultural resources sector, reported a 31 percent increase in net profit for the period from April to June, amounting to 125 crore rupees, due to increased revenue.
In the same period last year, the company's net profit was 95 crore rupees. According to regulatory filings submitted on Monday, total revenue for the first quarter of the current fiscal year reached 1035 crore rupees, compared to 969 crore rupees in the corresponding period of the previous year.
Gyandendra Shukla, Managing Director and CEO of Rallis India, noted that the company demonstrated stable results in the first quarter of the fiscal year 27. He attributed this to 'focused execution across all business verticals, improved profitability, and continuous investments in strengthening our portfolio and capabilities.'
Rallis India Ltd is a subsidiary of Tata Chemicals Ltd and is part of the Tata Group, which has a valuation exceeding $180 billion. The company's operations cover the segments of seeds, crop care, soil health, and plant health.
