Chevrolet to invest USD 5 billion in new model lineup for India, China, Brazil, Mexico – IAB report

Aravind

Aravind Jayachandran, It goes without saying that I'm a huge petrolhead and can apparently convert all my driving emotions into words you can read.

Markets include India, China, Brazil and Mexico.

Chevrolet has announced that they are going to invest USD 5 billion dollars on a new model lineup, which will be introduced to emerging markets like India, China, Brazil and Mexico. The first car is expected to make its debut as a 2019 model year.

Chevrolet Beat facelift front three quarter right doors closed
The first model is expected to make its debut in 2019. Note: Image used for representation purpose.

Other than being locally assembled at the said markets, Chevrolet is also looking to export the models to other emerging markets across the globe. The company will not introduce these models in mature markets like the U.S.

For the research and development of the new models, Chevrolet will team up with Chinese manufacturer SAIC Motors, and with a multinational team of engineers and designers, Chevrolet will work on developing each model that will best suit the demands of respective markets.

GM India Chevrolet Beat LHD for Chile
Once production of these models reach 100% capacity, more than two million units will be assembled each year.

Also Read: IAB reader snaps the Chevrolet Trailblazer testing in Ladakh

Once production of these models reach 100% capacity, more than two million units will be assembled each year. Chevrolet aims to highly localize these models for competitive pricing. With respect to the Indian market, this could prove to be a boon for the struggling company, which currently has a relatively small model lineup.

Chevrolet to invest USD 5 billion in new model lineup – Press Release

[Slideshare link]

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

Chevrolet Beat News & Updates

2018 Chevrolet Beat Notchback front three quarters

India-made 2018 Chevrolet Beat Notchback launched in Mexico

Chevrolet Beat Essentia exports

GM India commences Chevrolet Beat Essentia exports

2018 Chevrolet Beat front three quarters

India-made 2018 Chevrolet Beat launches in Mexico

Chevrolet Sail special edition grille at 2016 Auto Expo

Chevrolet exploring options with Mahindra to offer after-sales support to customers – Report

2017 Chevrolet Beat leaked memo second image

2017 Chevrolet Beat coming on July 3rd week, confirms leaked memo

Chevrolet Sail special edition grille at 2016 Auto Expo

GM India plans to cease sales operations in India – Report