Business Daily from THE HINDU group of publications
Friday, Jan 11, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Jan 11, 2008 ePaper | Mobile/PDA Version |
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Outlook Industry & Economy - Cars GM to get feedback before launching Hummer, Cadillac Our Bureau New Delhi, Jan. 10 General Motors India, which unveiled five of its globally acclaimed production and concept vehicles here, said it may consider introducing the Cadillac CTS and Hummer H3 in India by the year-end, if they found consumer feedback to be favourable. The wholly owned subsidiary of General Motor Corp said it is also planning to triple auto-component sourcing from India to $1 billion from the current $300 million over the next two to three years. “We are looking into the commercial viability of introducing the globally popular models in India. “We have brought these models in India to solicit local feedback on products, brands and technologies that we believe have long-term potential in the domestic market,” Mr Karl Slym, President and Managing Director, GM India, said on the sidelines of the ninth Auto Expo. SUV trajectoryThe company said the market for the sport utility vehicle is on a growth trajectory. Currently, it stands at 3,000-4,000 vehicles annually. The market is likely to touch 20,000-25,000 units by 2010. Projecting a 10 per cent growth, Mr Slym said it will consolidate the Chevrolet Spark in India before introducing any other model in the small B segment. He added that by the end of 2008, the company’s manufacturing units in India will have a total capacity of 2,25,000 vehicles. More Stories on : Outlook | Cars
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