According to a news item in Reuters, General Motors aims to capture at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world’s third biggest with projected annual sales of 8 million vehicles by 2025. “India may be the...
GM Turns to China to Crack India’s Car Market
According to Reuters, General Motors Co began initial production of its first ever Chinese-designed car for the Indian market recently, a major step for the U.S. automaker as it tries to scale up in a market where foreign companies have struggled. India’s love for the small car and its highly...
Ford India sales rise 300 percent in February 2011
Ford Motor Company's India operation said that its sales in India tripled in February compared with the same month a year ago. For the month, Ford sold 9,293 cars in India compared with 3,223 last February. Both Ford and General Motors are doing very well in India lately. Takeaway: If...
Daimler to hike India sourcing
German automaker Daimler AG plans to buy more components from India for its global operations and expects growing demand for luxury cars to drive sales higher in India Chief financial officer, Uwe Jarosch, said recently. "Currently, our sourcing from India is €40 million to €50 million." Mr. Jarosch said the...
Sourcing: General Motors India to buy $1 billion in parts from India
General Motors said last Thursday that it planned to source $1 billion worth of auto parts from India over the next two years. Indian parts makers are exporting batteries, alternators, fuel tanks, forgings and more to markets in Europe, North America and elsewhere. This is an indication of the prowess...
General Motors India head:
The Economic Times carries a nice piece by Karl Slym currently CEO of General Motors India, who first came as a visitor the country and now lives there as an expatriate. "Coming (to India) as a visitor and as a resident are two completely different things. I enjoy the life...