GM Planning to Launch Two Vehicles in Auto Expo Delhi Next Year

GM Planning to Launch Two Vehicles in Auto Expo Delhi Next YearThe US-based General Motors (GM) announced that they had dissolved the plan to manufacture a car which was at a lower range than its Chevrolet Spark. As per Karl Slym, President and Managing Director, GM India, the company had dropped the project instead the company was looking forward to launch a diesel car which was an alternative of Beat.

The company claimed that the new car was going to be extremely fuel- efficient; the Automotive Research Association of India standards predicted that the car will have the mileage of 24km per litre. The General Motors were aiming to achieve a sales target of 300,000 units by 2013 and was determined to introduce five new vehicles in collaboration with SAIC within two years or more. The company had planned to launch two vehicles one being a sport-utility vehicle, a sedan and a hatchback at Auto Expo in Delhi to be held in January.

The company had invested more than $1 billion in India and sold 9,000 units a month. The production capacity at its Talegaon unit in Maharashtra was 140,000 cars and the Halol unit in Gujarat produced 85,000 cars. The company was planning to invest 500 million so as to increase the annual production capacity by 80% by the end of next year.