A YoY growth of 76% has fueled the GM dream to bring a fully electric car. As early as next year, this new battery operated car will be showcased in India. It will be easier on the wallet and kinder to the environment over its lifetime.
And for a cost conscious market like India, the company plans to bring three "value-package" cars in from its JV with Shanghai Auto Car SAIC.
The company is also busy ramping up its dealer network and manufacturing facility as it plans an output of 4 lakh in next couple of years.
Speaking on the occasion, Vice-President (Sales-marketing-after sales) 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
The company also has plans to make GM’s first flexible engine plant operational in India which can produce both petrol and diesel engine on the same assembly line.
Source - Financial Chronicle