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    GM to launch low cost small car in India

    Meenal
    Meenal
    Published On Jun 03, 2009 12:48 IST
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    Published OnJun 03, 2009 12:48 IST
    Last Updated OnJun 03, 2009 12:48 IST
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    General Motors India is mulling over to roll out a compact car which will be priced around Rs 2 lakh. The car will be available globally. News reports confirmed that the car will be developed in India and exported across the globe. GM Group Vice-President Nick Reilly said that the car will be positioned below the Spark, the mini car. He clarified that it will not be very similar to Tata's Nano. Reilly also added that it will be totally developed in India and this will be the cheapest car globally.
    The company plans to increase local content on its India-made cars to make them more competitive on the price front. Reilly added that news of the parent going bankrupt had impacted GM's sales in India while also making it difficult to raise money from financial institutions to fund its expansion plans. Reilly added that while components can be procured at 'good value' and cheaply, GM's own upcoming engine plant could make the price attractive to serve other markets. Therefore, a global growth in demand for small cars will give India an opportunity.

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    Meenal
    <p style="text-align: left;"><span style="font-family: Arial, Helvetica, Verdana, sans-serif; color: #3f3f3f;"><span>Meenal has been a writer since the time she knew what it is to write. Being a team lead at CarDekho, she guides her team to bring in fresh ideas and true stories to develop a brain storming news for the car enthusiasts across the world. Meenal started writing during her school and is continuing still. Being a post graduate in English Literature with Linguistics, Phonetics, and Grammar as her favorites, she topped throughout. And perhaps that's what helped her starting her career directly as an Editor with international clients from the very beginning. She also has been trained in and has got experience in pre-editing and master-editing journals and books. With almost 5 years of experience in journalism behind her, she still believes that she gets to learn new things about writing news every new day. She plans to start on another degree in psychology. Future plans for her include nothing more than a dynamic GROWTH for herself and SMILES on the readers' faces.</span></span></p>Read more

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