GM India to come out with electric car next year
General Motors (GM) India on Saturday said that it is strengthening its foothold in the state and will showcase an electric car next year.business Updated: Oct 23, 2010 16:14 IST
General Motors (GM) India on Saturday said that it is strengthening its foothold in the state and will showcase an electric car next year.
It would be an environment-friendly small car, President and Managing Director Karl Slym said, adding that it would be a battery operated car.
He said GM India is rapidly expanding its network in the wake of increasing popularity of Chevrolet in India, which recently completed seven years in the country.
In a joint collaboration with China's SAC (Shanghai Auto Car), GM will bring three "value-package" cars, he said.
It would soon be commissioning the power train facility in Talegaon, making the first flexi-engine plant for GM globally wherein both petrol and diesel engines are going to be manufactured together, he said.
Recently, the company inaugurated a LNG facility at its factory premises at Halol for supplying gas to its car manufacturing plant, and has also ramped up production at its Halol and Talegaon plants, he said.
When asked whether GM is planning any industrial investment in Rajasthan, Slym said its two units are already producing 2,25,000 cars per annum, and this would go up to 4 lakh in next couple of years.
Speaking on the occasion, Vice-President (Sales-marketing-aftersales) Sumit Sawhney said GM has invested over USD 1 billion (Rs 4,500 crore) in India till date, and is deeply committed to this market.
In last six months, GM India grew 79 per cent against the 36 per cent industry growth, Sawhney said, adding that the company's share in the car industry is, however, 4 per cent.
First Published: Oct 23, 2010 16:12 IST