Saturday, 29 October 2011

General Motors to launch 5 new Cars in India in next 6 months, first launch at Auto Expo 2012



General Motors India entered into a 50:50 partnership with Shanghai Automotive Industries Corporation, SAIC. in February 2010 thus leading to an assault of Indian automobile market by GM India. The deal was signed for $650 million, or Rs 2,990 crore.

The new GM India plans an audacious assault on the Indian market with no less than five Chinese cars in six months, starting January next year. "By combining the outstanding resources of GM with those of our partners in China, we can respond faster to the evolving domestic market than ever before," says Karl Slym, President and Managing Director of GM India. "It will help us emerge as a volume player in this market in the shortest time." The five launches will include a light commercial vehicle, or LCV.

0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More