Regardless of the growing problems at home town, the US car leader General Motors does not have any plans to slow down its expansion in India. Rather the company is all set to go ahead with its decision to roll out two new cars in India.
The premium model sedan Chevrolet Cruze and a new small car that will be cheaper than the current Spark model are the upcoming launches. The new compact car is speculated to challenge the Maruti's M800 model in terms of price.
According to General Motor India president and MD Karl Slym, “The Company will not fluctuate from any of its planned investments for India. It has recently begun production at its second Indian plant at Talegaon in Maharashtra.” Mr. Slym further added that the company is also planning to make an investment of around Rs 9.9 million for a powertrain facility (engine, gearbox, and transmission) at the same location.
Even in the situation of financial crunch, the company considers India to be a vital and growing market. The General Motors has experienced a raise in the sales soon after the launch of the compact car ‘Spark’ and is very positive about its forthcoming launches.