Indian car maker General Motors India has revealed that it will export at least 20 per cent of the intended 50,000 units of its mini car within the first 12 months of launch early next year.
"We will start production of our mini car, developed on the concept of Beat, at our Talegaon plant in December and it will be launched sometime in January next year, starting with the petrol variant," General Motors India President and Managing Director Karl Slym said. The proposed mini car for India will cost around Rs 4 Lakh and the car company expects to produce over 50,000 units of it during 2010, he added. "The company is targeting to export 20 per cent of the mini car's total production during that period," Slym said.
The Indian subsidiary of the US car giant General Motors is aiming to sell 10,000 units of the mini car by end the of 2010 in Sri Lanka, Bangladesh, Bhutan, Nepal, besides the Asia-Pacific region and European countries, he added. Speaking about the localisation of components in the mini car, Slym said: "It will initially have 65 per cent localisation. However, we plan to make it almost fully-localised once our engine transmission plant in Talegaon gets operationalised by 2010."
The company is likely to roll out the Chevrolet Cruze, in October. This luxury sedan will come with a 2.0 litre diesel engine in the initial stage and 1.8 litre petrol engines will follow later in early 2010. The Cruze will be priced between Rs 12-14 Lakh.
Moreover, GM India is planning to introduce four other models in India in 2010.