It will explore more markets in S America to push export volume
In a bid to improve capacity utilization at both its car plants as well as the powertrain plant in Talegaon, General Motors India commenced exports from the Indian facility. The first engine consignment from the powertrain plant will go to South Africa while the first Chevrolet Beat headed for Mexico was rolled out of the Pune plant. The cars will be available in the Mexican market as Chevrolet Spark from December 2015. The company will explore more markets in South America to push export volume.
Arvind Saxena, president and MD, General Motors India, said last year around 1,000 cars made in India were exported to Chile and this year, with exports to Mexico the numbers would go up to 20,000. The cars for the Mexican market were earlier being sourced by GM from its plant in South Korea but now will be sourced from the plant in India, Saxena said. Upto 30% of the company’s business would come from exports, Saxena said. Exports and launch of 10 new products in the next five years with higher localization and consolidation of manufacturing in Talegaon was part of the change in strategy at GM India, he said.