General Motors, the Detroit-based car manufacturer is all set to increase its operations in India. Apart from the launch of its luxury model Cadillac, it also plans to launch two more new car models by the end of this year. Moreover, the company is also planning to invest $200 million in a power train project that will boost up General Motors domestic as well overseas operations.
According to Mr. Karl Slym, President and MD, General Motors India, “The Company presently has a market share of 4% and wants to increase it to 10% by 2010. The automobile industry is estimated to touch 2 million cars by 2010. The new plant will increase the production capability by a fair amount. The plant will have a manufacturing capacity of 140,000 units and will assemble small cars to ward off competition from Maruti and Tata Motor’s Nano in the small car segment.”
General Motor’s latest Talegaon plant in Maharashtra will start its operation from September which will further help the company to expand its network in India.
The company has witnessed 25% rise in sales compared to the sales report of the same period last year. It is also planning to increase its dealerships from present 112 dealers to 190 across the country by end of this year.