General Motors to start exporting cars from India

MUMBAI Tue May 27, 2014 1:25pm IST

Employees work on a Chevrolet Beat car on an assembly line at the General Motors plant in Talegaon, about 118 km from Mumbai September 3, 2012. REUTERS/Danish Siddiqui/Files

Employees work on a Chevrolet Beat car on an assembly line at the General Motors plant in Talegaon, about 118 km from Mumbai September 3, 2012.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

Stocks

   

MUMBAI (Reuters) - General Motors (GM.N) 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, located in western India, 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 been utilising less than a third of their total capacity.

GM sold nearly 81,000 passenger vehicles in India in the fiscal year ended in March for a market share of 3.2 percent, according to data from the Society of Indian Automobile Manufacturers.

Global automakers, including Ford Motor Co (F.N), are keen on making India a regional export hub, especially for small cars, taking advantage of it as a low-cost manufacturing base.

(Reporting by Aradhana Aravindan; Editing by Anupama Dwivedi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-China Ties

REUTERS SHOWCASE

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

GMR in Nepal

GMR in Nepal

Nepal clears India’s GMR plan for $1.4 bln hydroelectric plant.  Full Article 

LIC on Markets

LIC on Markets

LIC chairman bullish on Indian markets  Full Article 

India Rains

India Rains

Monsoon rains weaken as late retreat looms.  Full Article 

Infosys-Huawei

Infosys-Huawei

Infosys partners with China's Huawei for cloud-based services  Full Article 

Gold Outlook

Gold Outlook

Gold imports seen up, premiums likely to double on festive buying  Full Article 

Trade Dispute

Trade Dispute

U.S. to press India on trade row during Modi's Washington visit  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage