GM set to storm India as S Korea costs climb
Firm's plans mirror moves by Ford Motor and Nissan Motor to modify their strategies to give them the ability to ramp up exports from India
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New Delhi
GENERAL Motors aims to grab at least 5 per cent 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.
The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at reviving sagging sales, and will make India a new global manufacturing and export hub, taking some of the strain off South Korea, where labour costs have ballooned in recent years.
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