General Motors is set to launch three more cars by the end of 2011 in the Indian Auto Market. The cars to be launched include an SUV, sedan and a hatchback. These cars will be launched by the year 2012 along withChevrolet Tavera (the Euro IV version) by the end of 2011.The VP General Motors, Mr. Mr. P. Balendran has informed that currenlty their R & D team in Banglore is working on localization of the upcoming 5 cars to be launched by GM by 2012. Few of these cars are anticipated to be from SAIC Motors, the Chinese business partner of General Motors India.
GM India has massive investment plan in India. Company is set to gear up after facing the downtrend in Indian Auto Market. GM india is planning to expand their manufacturing plan in Talegaon and Halol by investing $ 500 million. The quoted investment figure is in accumulation with Rs. 5000 Crore investment that has been made by international automotive major in the country. This huge investment will impart more flexibility to the new and upcoming models.
GM India’s total sales figure for the last year was 1.1 Lakh units in India. This year they hope to reach the mark of 1.4 lakh. General Motors India is aiming to double its market share in India. Recently launched, Chevrolet Beat diesel, small car by General motors, ranging from Rs. 4.37 to Rs. 5.55 Lakh has received decent reviews and it is expected that it’ll gear up the sales of General Motors India.
