GM's India Market Share Rises, Sales Up By 150%
NEW DELHI: General Motors Corp. opened its first design studio in India on Thursday, a move intended to support the U.S. automaker's efforts to expand its presence in the country.
The studio in the southern Indian city of Bangalore, where GM already has a research and development center, will "contribute to the mid-cycle enhancement of existing models and the advanced design of future products," the company said.
The studio, which will initially have about 60 employees, comes at a time when GM is having some success after struggling for years to penetrate the Indian car market.
The company introduced the low-cost Chevrolet Spark this year (pictured above), which is proving popular among young buyers. In the past seven months, the U.S. automaker has sold nearly 2 1/2 times the number of cars it sold in the country in the same period last year.
1 Comments:
This is wonderful that GM sold 60,000 vehicles (in India) so far this year as against around 35,000 units last year.
It is even more wonderful that the Indians are purchasing cars given that
sourcing of spare parts from India by General Motors should go up to $1 billion in the next three years. At present, GM sources spare parts worth $300 million from India.
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