Click it and Unblock the Notifications
General Motors Focuses On New Models
The company plans to reap a sizable share in the markets of China, Brazil and Russia. The President for the company"s International Operations said that the company did commit mistakes in the past with inconsistent product portfolios and resource allocations resulting with spotty performance. He said that phase has been wiped out and new product portfolio is being designed to fit in the customer need.
In the last decade , GM has secured 20 percent share in Brazil , 13 percent in China and 9 percent in Russia for its passenger vehicles. Whereas in the Indian context it has less resource allocation, he said, without assigning any prescribed target. In all its presence for 14 years in India GM has so far achieved 4 percent share in the passenger car segment which has 2.3 million units till 2010. He said all efforts are made in the long term vision, including profit and development in the Indian car market.
He negated the point of borrowing funds to develop here. The new 1.2 lit petrol engine designed locally for the Indian car market will be best for is Beat with the prospect for export is also there. The MD of GM said that the diesel version of this engine will be ready for commercial supply in another six months with Talegaon plant to take care of both these engines. This plant came into existence in 2010 at 0 million to yield the initial capacity of 1.6 lakh units of power train and efforts are on to increase this to 3 million units.
Continue with Google