GM's Business is Booming in India
Car sales in India have increased 25.4% over the last year, sales of trucks and buses by 171%, the Indian economy continues to grow at 8% annually, and GM's vehicle business in India is booming.
GM's sales in India have increased by 10 times over the last decade, and its workforce by more than five times. Its Pune plant is adding a third shift to keep up with the growing demand in India for GM vehicles like the Beat and Spark.
Read more in the Washington Post.
2 Comments:
"Car sales in India have increased 25.4%..."...
Hmmm, I'm wondering how many of those cars might look similer to any of these?
From Bloomberg Business Week: Fifty Ugliest Cars of the Past 50 Years
The article states that GM's India operations are "wholly owned subsidary". This very different then GM in China where they have to operate under a joint operating agreement.
Joint operating agreement is a platform for expertise transfer to local concerns.
Wholly owned susubsidary is a platform for long term potential success based on non-transferred expertise.
BTW, I hope a lot of U.S. made autos and trucks have market opportunities in India.
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