GM India to start exports

Reuters Mumbai
Last Updated : May 28 2014 | 12:31 AM IST
General Motors India said it would begin exporting vehicles from the country and start selling a left-hand-drive version of its Chevrolet Beat hatchback to Chile in the first quarter of 2015.

The company said it would begin production of the cars meant for export at its Talegaon plant in Maharashtra, in the second half of this year. General Motors has two factories in India that can build a combined 282,000 vehicles annually but it has using utilising less than a third of their total capacity.

GM sold nearly 81,000 passenger vehicles in India in the year ended March for a market share of 3.2 per cent, according to data from the Society of Indian Automobile Manufacturers. Global automobile makers, including Ford Motor, are keen on making India a regional export hub, especially for small cars.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 28 2014 | 12:26 AM IST

Next Story