According to a senior company official at General Motors Corp., the company is planning to launch a small-car in India by 2010 to take advantage of growing markets and possibly to make up for any decline in sales figures in the US.
The new car will be available at a lower price than GM's lowest priced car-Spark- in India at present. This is one more addition to Indian car market which is dominated by small-cars with less than 12 feet length.
According to GM the new car will not only benefit India but also other countries where small cars are in demand. The car will be quite different from Nano, the world's cheapest car ($2500) to be rolled out in the middle of this year.
General Motors shares only 3% of the Indian automobile market now with a plant at Halol, Gujarat and will soon have the second one near Pune, Maharashtra with a capacity of 140,000 cars. From the plant in Pune the first car will come out this week on a trial base and the production will start towards the last quarter of this year.
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