GM plans to launch 6 new cars by 2012
GMs India announced on Monday that it will roll-out six new car models in India over the period of next 2 years. In addition to this, the company will launch as many as 14 new variants of its open car models in the country. "In the next 24 months, we will launch six brand new models of passenger cars and 14 new versions". General Motors India President and Managing Director Karl Slym said on Wednesday in Ahmedabad. He was speaking on the sidelines of the 5th worldwide meeting of Vibrant Gujarat. It will insert over $100 million at its Halol plant in Gujarat, in a offer to boost its annual production capacity to 1,05,000 units from existing 85,000 units. Currently, the company manufactures a variety of its collection cars at this unit with entry level sedan Chevrolet Aveo, premium sedan Chevrolet Cruze mid-size sedan Chevrolet Optra Magnum and multi utility vehicle (MUV) Chevrolet Tavera. As well as, the company has planned to roll-out three light commercial vehicles (LCVs) in the Indian market from Chinese partner SAIC’s portfolio by the end of year 2012. Initially, the first LCV will be launched in the country at the end of current year, followed by other two in next year.