GM India to start operation at second plant in August
General Motors India, the Indian arm of the US automobile maker, on Monday said it would start manufacturing at its second plant in Maharastra in August.Updated: Jan 14, 2008 15:59 IST
General Motors India, the Indian arm of the US automobile maker, on Monday said it would start manufacturing at its second plant in Maharastra in August.
The proposed plant, entailing an investment of Rs 1,300 crore, would come up at Talegaon near Pune with a capacity of 1.4 lakh units per annum, GM India President and Managing Director Karl Slym told reporters here.
It was being set up to overcome capacity constraints, he added.
The existing facility at Halol in Gujarat has a production capacity of 85,000 units per year, Slym added.
Experiencing a 68 per cent growth in calendar 2007 over 2008, the company sold 60,000 passenger cars last year. This year, the target is 90,000 units, Slym said.
Asked about the company's market share in the passenger car segment, he said it was nine per cent at the moment.
In 2008, GM India plans to increase the market share to 12 per cent.
Besides, the company today launched sports utility vehicle (SUV) Captiva priced at Rs 17.74 lakh (ex-showroom Kolkata).
Slym said the SUV segment was witnessing a steep growth in the country. To increase presence in the Indian market, GM India would continuously look at expanding the portfolio.
The company sells Spark (small car), Optra, Aveo and Tavera in India under the Chevrolet brand.