GM to export 20% of Mini Car production

General Motors India has decided to export 10 per cent of its expected small car's production in the first year. The percentage will go up to 20 per cent later. The mini car would be priced at Rs 4 lakh. Karl Slym, president, GMI said that the company hopes to touch 10 per cent growth this year as the last year. He said that the mini car will be built on the Chevrolet Beat platform. It will be produced in the company's Talegaon plant near Pune, which has an annual capacity of 1.4 lakh units. GMI has recently invested $300 million on the Talegaon car plant and around $200 million in the powertrain plant nearby. This would help the company to shift from the completely knocked down(CKD) unit's production to start its own local production. As a result, the localisation in the new Mini would be as high as 80 per cent now, and once we have the powertrain or engine plant onstream next year, it will go up to 98 per cent, Slym said.