GM India to launch 3 more cars by 2012

Despite of the downward trend of the sales in the Indian Auto Market, General Motors India keeps its hopes high and is ready to launch three more cars in the Indian Auto Market, which will include an SUV, sedan and a hatchback. These cars are expected to be launched by the year 2012 accompanied with new Chevrolet Tavera by the end of 2011, which would be a Euro IV version.

See More Chevrolet Tavera Pictures                                                                         Read More on Chevrolet Tavera

Out of the 5 speculated car models that will be launched by General Motors India by 2012, few of them are anticipated to be from SAIC Motors which is the Chinese business partner of General Motors India. The R &D team of 2500, which is based in Bangalore together with designing teams, is currently working on the localization of the upcoming cars that will suit the Indian circumstances. This information was provided by the VP of General Motors India, Mr. P. Balendran.

See More Chevrolet Beat Diesel Pictures                                                              Read More on Chevrolet Beat Diesel

Furthermore, GM India is planning to expand its manufacturing plants in Talegaon and Halol by investing a massive amount of around $500 million. These $500 million are in accumulation with Rs. 5000 Crore investment that has been made by international automotive major in the country. This massive investment will certainly bring on much more flexibility to the new and upcoming models together with different engine options.

See More Chevrolet Beat Diesel Pictures                                                              Read More on Chevrolet Beat Diesel

GM India last year witnessed total sales of 1.1 Lakh units in India and now this year it’s keeping its expectations high and wish to touch the mark of 1.4 Lakh. General Motors India is also aspiring to double its market share in India too. Automotive business currently is under excessive pressure due to the sluggish growth witnessed so fr in the domestic market. Last year, the Indian Auto Market saw a growth of 30% but sadly this growth rate tumbled to 12-16% this year all thanks to sky rocketing fuel prices and hiked interest rates. Recently, General Motors launched small car, Chevrolet Beat diesel, with a price ranging from Rs. 4.37 to Rs. 5.55 Lakh. So far this small car has received pretty impressive reviews and hopefully this car will rejuvenate the car sales of General Motors India.