GM to launch SUV CaptivaGM plans to set up its first engine factory in India and introduce new models including SUV Chevrolet Captiva to boost sales
Apnaloan.com Research Bureau
24 Oct 2007
General Motors, the world's biggest automaker, plans to set up its first engine factory in India and introduce new models including SUV Chevrolet Captiva to boost sales.
The automaker plans to unveil the Chevrolet Captiva sport-utility vehicle during the Auto Expo in January 2008 for sale in the country. General Motors India is confident that it would meet its target of capturing 10% market share in the passenger car market by 2010.
The company is also planning to set up its first engine factory in the country which will help the company reduce import costs and compete with Suzuki Motor Corp. The proposed engine plant in India will be used for domestic and export markets.
GM is also thinking about introducing alternative fuel on its current models. After launching a CNG variant of its mid-sized sedan Optra, it is not looking to offer CNG option in the premium hatchback Chevrolet UV-A. The company hopes to sell about 60,000 units this year, a substantial jump from 35,000 units sold last year.