Business Standard
Sunday, Nov 22, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Smart Portfolios II
  Search:

GM moving on India roadmap with Chinese partners
Press Trust of India / New Delh November 06, 2009, 18:23 IST

General Motors, which has been in talks with its Chinese partners SAIC and Wuling for bringing their products to India, is likely to finalise plans on the type of vehicles and manufacturing road map soon.

 
 
Related Stories
News Now
-Russian govt concerned over GM decision not to sell Opel
-Organic farmers to mobilise opinion against Bt brinjal
-Miele: Doing a BMW in appliances
-Magma Fincorp to raise Rs 2,000 cr in 6 months
-Park to replace Lheem as Hyundai India head
-Analysts' corner

General Motors India President and Managing Director Karl Slym told PTI in an interview that talks that started about eight months back with Shanghai Automotive Industry Corp (SAIC) and Wuling to explore possibilities of bringing light commercial vehicles to India have reached the stage of product identification.

"Now we know what can work in India and what cannot...We are at a position, (where) very very soon we should be able to make a decision on what all or what not we can do together here," he said.

Slym, however, added that at present no understanding or an agreement has been reached.

GM, which is a party in a tripartite joint venture in China -- SAIC-GM-Wuling Automobile Co -- is looking beyond the commercial vehicles that can be brought to India through their partnership.

"I think the company has vehicles beyond the commercial vehicles. They also would be very successful if we adapted them through our engineering centre into India," Slym said.

SAIC-GM-Wuling sells both commercial vehicles and passenger vehicles, including Wuling brand minivans, Wuling brand mini-trucks and the Chevrolet Spark mini-car.

Asked if the nature of relationship that GM was looking at with its Chinese partners (SAIC and Wuling) for India included equity or just technical collaboration, Slym said: "It could be anything. The main interest for me is to bring the vehicles that they have, which are all saleable in India."

He said GM is keen on manufacturing the vehicles in India, as the company has two facilities here.

"I continue to think that there is a strong benefit for us to be able to form some kind of relationship here in India with what our partners in China has to offer," he said.

The commercial vehicles segment offered a lot of opportunities as there is limited competition, he said.

"I still think there is an opportunity for commercial vehicle and those people who have got their vehicles in that area have got it easy at the moment. There is not enough competition," Slym said.

Stressing that partnerships is the way forward for the company to be a significant player in the Indian automobile market, he said: "It is a way that you have to look to be able to share capabilities for the future, not everybody can do everything everywhere."

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- S C Kalia takes over as Union Bank ED
- PNB may acquire majority stake in Kazakh bank
- Maoist hindering land acquisition for Tata steel project: Raman
- Koda says he will report to ED only after Jharkhand polls
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Kurbaan could be Karan Johar's first flop
- A golden lining seen in silver prices
- Ambani Jr, Brad Pitt join hands for sci-fi film
- HAL to invest Rs 25,000 cr in next 10 years
- We are not trying for a monopoly: HAL chairman
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback