Business Daily from THE HINDU group of publications
Wednesday, Oct 24, 2007
ePaper | Mobile/PDA Version

Clasic Farm

Cross Currency

Group Sites

Home Page - Cars
Corporate - New Projects
GM setting up facility for powertrains

To launch its 2nd SUV ‘Captiva’, small car from global portfolio

– Kamal Narang

At the helm: Mr Karl Slym, President & Managing Director, General Motors India, at a press conference in the Capital on Tuesday.

Our Bureau

New Delhi, Oct. 23 General Motors India is in the process of setting up a new facility to manufacture engine and transmission parts in the country. This is likely to be located in Maharashtra, where it already has a facility near Talegaon and would be operational by next year.

Mr Karl Slym, the newly appointed President and Managing Director of General Motors Corporation who took charge of the Indian operations with effect from October 1, in his first interaction with the media on Tuesday said, “We are evaluating setting up a manufacturing unit for powertrain products. However, the investment and the precise location of the new facility would be announced shortly.”

Currently, General Motors India is sourcing engine and transmission parts from its global facilities in different locations of the world depending on the product. “Initially, we would cater to the domestic market and later we would also be looking at exports,” said Mr P. Balendran, Vice-President, General Motors, India.

Mr Slym also said that the company would be launching its second sports utility vehicle, Captiva, after having introduced Tavera for the domestic market. Captiva, which is slated to hit the Indian roads during the Auto Expo here in January 2008, would compete with Honda’s CRV and Maruti Suzuki’s Grand Vitara.

To be imported as CBU

Initially, Captiva is to be imported as a completely built unit and depending on the demand, the company would decide on assembling it here.

Commenting on whether GM would be introducing another small car in the market following the healthy sales of Spark, Mr Balendran said that the company planned to launch a mini car which would be either a variant of the existing Spark or could be a new model from its global small car portfolio.

He said the company was eying the export market that would be served from its Talegaon facility, which would have a capacity of about 1.4 lakh units. With this, the company’s capacity would be about over 2.20-lakh units.

More Stories on : Cars | New Projects

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

PNB Hiring

Stories in this Section
Arabian Sea storm may divert flows

Dual tech to CDMA operators: Cellular players take DoT to court
Today's Pick: Asian Paints (Rs 974.6)
Day Trading Guide
Iron ore stocks move up on price hike hopes
Zee results better than expected
UP mills owe sugarcane growers Rs 1,460 crore
Higher billing rates boost Satyam Q2 net, revenues
Suzlon to split stock, list group co Hansen on LSE
Ashok Leyland reports modest sales figures; net dips 16%
GM setting up facility for powertrains
‘CV sales slowdown not just due to interest rates’
Satyam acquires UK co Nitor for $5.5 m
LFP Group eyes 5% stake in DSE
Sensex zooms 878 points on SEBI clarification
Why Participatory Notes are dangerous
Right move on PNs
P-Note curbs: It’s only quality control, says SEBI
Norms issued for stock options valuation
‘Venture capital, PE deals to touch Rs 70,000 cr by 2009’

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line