GM to export cars from India
The Indian arm of American carmaker General Motors (GM) will focus on the export market to utilize idle capacity at its Talegaon, Maharashtra-based manufacturing facility.
The Talegaon plant has a production capacity of 160,000 units per annum, but currently it has just around 40 per cent utilization. The company is using the plant to manufacture Beat and Sail U-VA hatchbacks as well as Sail sedan.
P Balendran, vice-president at GM India Ltd, said the company's board had already decided to export cars manufactured at the Talegaon plant. However, the models, the number of cars and the foreign markets to the car will be exported are yet to be determined.
Making the announcement, Balendran added, "We haven't yet decided on the models, number of cars or the markets to which they will be exported. These will be firmed up by the end of this fiscal to facilitate exports next fiscal."
He was speaking on the occasion of the launch of a refreshed model of Beat, which is by far the most selling model in GM India portfolio.
GM India aims to achieve a sale growth target of 6-10 per cent to more than 94,000 units in 2014, in line with the industry estimate of 6 per cent increase in sales following a decline in 2013. GM India's sales fell from 111,510 units to 92,435 units in 2012 and then to 86,829 units in 2013.