27/02/2009 ,The Financial Express
Taking a cue from Ford India, Hyundai and Maruti Suzuki, General Motors is planning to make India its hub for exporting engines, powertrains as well as cars to neighbouring countries, the US and Europe.
Despite the slowdown and funds crunch, GM India hopes to match last years growth of 10% even though the industry is expected to remain flat.
The company, in addition to the launch of the new sedan (above Optra) Chevrolet Cruze and a premium mini car (on the same lines of Spark), will launch a number of different fuel models of the existing platform in India during 2009, said Karl Slym, president and managing director, GM India.
Disclosing this in Chennai on Thursday on the sidelines of the launch of its new Captiva and Spark Music cars, he said, Given the cost advantage and other positive options, GM will look at exporting engines as well as cars out of India to global markets. We have been exporting cars to Sri Lanka, Nepal and Bangladesh in a small way. Once the market sentiment improves, the company will think of exporting in a big way.
According to Slym, the company has already invested in producing 2,25,000 cars per annum across its two plants in Halol of Gujarat and Talegaon, Pune. The company has also invested in manufacturing engines/power trains with various options (diesel, petrol and other alternate fuels) keeping in mind the long-term perspective. P Balendran, VP, GM India, said, We are looking at exporting engines as well as cars to the global markets. We will wait for the market to improve and accordingly start tapping the overseas markets. Exports is considered to be one of the key growth area for GM India over a period of time.
Taking a cue from Ford India, Hyundai and Maruti Suzuki, General Motors is planning to make India its hub for exporting engines, powertrains as well as cars to neighbouring countries, the US and Europe.
Despite the slowdown and funds crunch, GM India hopes to match last years growth of 10% even though the industry is expected to remain flat.
The company, in addition to the launch of the new sedan (above Optra) Chevrolet Cruze and a premium mini car (on the same lines of Spark), will launch a number of different fuel models of the existing platform in India during 2009, said Karl Slym, president and managing director, GM India.
Disclosing this in Chennai on Thursday on the sidelines of the launch of its new Captiva and Spark Music cars, he said, Given the cost advantage and other positive options, GM will look at exporting engines as well as cars out of India to global markets. We have been exporting cars to Sri Lanka, Nepal and Bangladesh in a small way. Once the market sentiment improves, the company will think of exporting in a big way.
According to Slym, the company has already invested in producing 2,25,000 cars per annum across its two plants in Halol of Gujarat and Talegaon, Pune. The company has also invested in manufacturing engines/power trains with various options (diesel, petrol and other alternate fuels) keeping in mind the long-term perspective. P Balendran, VP, GM India, said, We are looking at exporting engines as well as cars to the global markets. We will wait for the market to improve and accordingly start tapping the overseas markets. Exports is considered to be one of the key growth area for GM India over a period of time.
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