General Motors lines up new cars for India
General Motors plans to launch a slew of products across price points, ranging from the compact car 'Spark' to ultra-luxurious 'Cadillac'.india Updated: Dec 23, 2006 14:39 IST
With an eye to strengthen its portfolio in India, one of the world's fastest-growing auto markets, General Motors plans to launch a slew of products across price points, ranging from the compact car 'Spark' to ultra-luxurious 'Cadillac'.
General Motors Indian president and Managing Director Rajeev Chaba said the company had launched three models on the Aveo platform in 2006 itself. "This itself is an indication of our commitment to the market and where we plan to go," he said, after launching a hatchback version of Aveo.
The world's biggest carmaker, which sold a minuscule 30,000 units in India in 2005, is eyeing to increase this to as much as 2,00,000 units by 2010, on the back of new launches.
"Work on the Spark is progressing as scheduled and the car will be out by the second quarter of next year," Chaba said.
Besides Spark, the company also plans to launch the 'Captiva' SUV in the market. "It is in the plan and we will launch it for sure. But it will not come at least till the third quarter of next year," he said.
The company is also looking at launching the premium sedan 'Epica', which would be pitted against the likes of Toyota 'Camry' and Honda 'Accord'. "We have plans, but I can't specify a time-frame," Chaba said.
On the GM's ultra-luxury badges like Hummer and Cadillac, he said they were "on the horizon" though not in the near or short-term.
General Motors, which is increasing capacity at its Halol plant in Gujarat to 85,000 units, is setting up a second facility at Talegaon in Mahasrashtra, which is expected to be operational by 2008 and has a capacity of about 1,40,000 units.