GM’s India Market Share Rises, Sales Up By 150%

By admin | November 30, 2007

Submitted by CARPE DIEM

carpediem120.jpg

NEW DELHI: General Motors Corp. opened its first design studio in India on Thursday, a move intended to support the U.S. automaker’s efforts to expand its presence in the country.

The studio in the southern Indian city of Bangalore, where GM already has a research and development center, will “contribute to the mid-cycle enhancement of existing models and the advanced design of future products,” the company said.

The studio, which will initially have about 60 employees, comes at a time when GM is having some success after struggling for years to penetrate the Indian car market.

The company introduced the low-cost Chevrolet Spark this year (pictured above), which is proving popular among young buyers. In the past seven months, the U.S. automaker has sold nearly 2 1/2 times the number of cars it sold in the country in the same period last year.

Visit 1800blogger to see all of our industry leading blogs.

Rating 3.00 out of 5
[?]

Are you an investor? Have something you want to say about the economy? Register on Econoimist Blog now and get published within minutes. Before posting, it is recommended that you review our posting guidelines.

Comments