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GM India to launch new vehicles, boost investment

GM India to launch new vehicles, boost investment
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First Published: Thu, Nov 18 2010. 03 48 PM IST
Updated: Thu, Nov 18 2010. 03 48 PM IST
Mumbai: General Motors India unit will launch six new vehicles over the next two years in Asia’s third-largest economy and expand dealers network to tap the growing demand, its country head said on Thursday.
The dealer network will be increased to 240 by the end of this year from 211 now, Karl Slym told reporters
General Motors models in India include the Chevrolet Beat, the Chevrolet Spark and the Chevrolet Tavera utility.
Global automakers in India such as General Motors, Toyota, Honda, Volkswagen and Ford are lining up new models and boosting investment in the country, signalling brisk demand in Asia’s third-largest economy.
French car maker Renault’s Indian unit will launch five cars between mid-2011 and mid-2013, including small cars in 2012, its India head said in August.
Slym of General Motors, majority-owned by the US Treasury after a $50 billion US taxpayer-funded bailout, said the company would increase the prices of its vehicles in January due to rise in raw material costs.
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First Published: Thu, Nov 18 2010. 03 48 PM IST