GM India to introduce electric car next year

General Motors India, the 5th biggest car manufacture is planning to cement its presence by introducing electric car in Rajasthan. The electric car will be an eco friendly car which is battery operated, gives decent acceleration and is generally preferred for shorter distance.

Karl Slym, President and Managing Director said that, the electric car will come in the next year. He also happily added, that General Motors is increasing quickly in India. Chevrolet India, has completed seven years and the growth shows that it is enhancing its popularity in India. GM is planning to bring in three value package cars in joint venture with SAC (Shanghai Auto Car), China.

Karl Slym also said that GM will soon have the power train facility in Talegaon. It will make the first flexi-engine plant coming in two variants wherein both petrol and diesel engine will be manufactured.

General Motors, installed LNG facility in the Halol which will supply gas to the car producing units. The manufacturing in the Halol and Talegaon plant has also started.

Not commenting on any future investment up in Rajasthan Mr. Slym said that GM's two manufacturing units are have a production of 2,25,000 car every year. The production is expected to touch four lacs in few years.

With the promising auto market of India, General Motors investment is more than 1 billion which is Rs 4,500 crore. Sumit Sawhney, the Vice President of Sales-Marketing-aftersales, said with hopes that, Indian markets are showing growth rate which is remarkable and they are looking forward to increase its stake.

The General Motors have shown a rising graph that scaled from 36 per cent to 79 per cent in just last six months. However General Motors share is 4 per cent, Sawhney concluded.

There has also been growth in sales by 13 % in comparison to the last year. The sale of the GM cars is 8617 which was 7654 cars last year. Lets look at the GM cars sales figure till September 2010: Chevrolet Beat sales was 2753, Chevrolet Spark, 2424 units. Chevrolet Tavera sold 1578 cars, Chevrolet Cruze running on road are 847 and Chevrolet Aveo is 325 units, Chevrolet Aveo U-VA has reached 287. Chevrolet Optra and Chevrolet Captiva sales were 236 and 167 respectively.

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