General Motors To Launch Two New Cars This Year

Wednesday, 11 July 2012, 11:37 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email
New Delhi: General Motors India will launch two new vehicles this year despite a "sluggish" market, a top company official said.

Even though the market is sluggish due to high interest rates and soaring petrol prices, GM will launch a new Chevrolet during September-October, and a new multi-purpose vehicle by the end of this year, the company's Vice-President (Corporate Affairs) P Balendran told reporters here. Balendran, here for the launch of GM's new Chevrolet Cruze in Kerala, said the market is likely to improve by Onam (next month).

The ex-showroom price of Chevrolet Cruze in Kerala is 13.96 lakh, 14.89 lakh and 15.80 lakh for the three variants.

Claiming that Cruz has received overwhelming response from consumers across India since its launch in 2009, he said:

"We expect the new member of the Cruz family to continue to exceed expectations of car buyers and stand out against the competition in its segment".

The company is selling about 800 vehicles a month. Hence, it is selectively launching the new vehicle in various markets.

Balendran said GM had so far invested over Rs 5,000 crore in India and employed close to 4,500 people directly at its operations at Halol, Talegaon, Bangalore and Gurgaon. The Halol plant in Gujarat has an installed capacity of 85,000 units a year. With GM India's plan to introduce Light Commercial vehicles, the plant is undergoing expansion. On completion in the next few months, the plant's capacity will increase to 1,10,000.
Source: PTI
US Indian
Facebook-owned photo messaging app Instagram has launched the beta version of its in-app sh..
Wiley, a global leader in research and education has announced a series of blended learning progr..
The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 20..
"Game of Thrones" author George R.R. Martin doesn't want season eight to be the final chapter of "..
The Pentagon has selected Microsoft and Amazon Web Services (AWS, the cloud computing arm ..
Startup City
Youth are leading India's start-up ecosystem where the median age of founder-entrepreneurs..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will laun..
Facebook-owned messaging app WhatsApp is still developing its previously announced "Vacatio..
Google Pixel and OnePlus smartphones are catching up and giving stiff competition to Samsu..