NetEase Car compiled on May 14 According to Bloomberg News, General Motors India plans to introduce light trucks made in China to the Indian market by the end of 2011. This is because the economic development and the expansion of the city scale have stimulated the world's second largest population country. Road transport business.
Karl Slym, president of GM India, said, “I have seen tremendous opportunities in this area. With the increase in the number of cities, many transportation systems must be put in place.â€
The Chinese-made light truck models will help GM compete with Mahindra & Mahindra and Tata Motors in India's one-ton truck market. According to Slym, the truck market may expand its business by 15% a year. After GM has injected capital for Indian companies to form a 50-50 joint venture with SAIC, it will have the right to introduce some cheap models in the Indian market, including small trucks sold in the Chinese market as low as US$4,000.
"Cooperation with Chinese car companies is a good strategy," said Puneet Gupta, an analyst at CSM Worldwide Inc. “This is a consumer who would not care about the brand if he can purchase a good product at a good price.†In 2016, the sales of trucks with less than 3 tonnage in the Indian market may be about 200,000 from 2009. Raised to 350,000, he said.
The joint venture will operate a common Indian company through a joint venture in Hong Kong, Slym said. They may eventually use similar models to extend cooperation to other markets without having to work hard.
In India, GM eventually plans to produce light trucks at a factory in Hallol, Gujarat, which will have a capacity of 85,000 vehicles a year. Initially, production will take place at a factory in Talegaon, Maharashtra, which will produce Chevrolet Beat and Tavera sports utility vehicles.
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