GM India Announces Mexico as Major Export Market

GM India Announces Mexico as Major Export Market

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General Motors (GM) India rolled out the first Chevrolet Beat from its facility in Talegaon, Maharashtra, today, which is meant for export to Mexico. GM India also announced that Mexico will be a major export market for the company, to which it will begin exports from October, 2015. Sales of the Chevrolet Beat hatchback in Mexico are scheduled to begin in December, 2015, GM India noted.
The Chevrolet Beat is currently available in over 70 markets around the world, primarily as the Chevrolet Spark. The company has sold over a million Sparks and Beats worldwide, the company said. GM India began exporting vehicles to Chile from its Talegaon facility in September, 2014. It exported about 1,000 vehicles in 2014, and is targeting exports of 19,000 vehicles this year.
In a recent visit to India, Mary Barra, CEO, GM, had announced a fresh investment of $ 1 bn (about Rs 6,400 crore) in India. The Talegaon facility, which currently has a production capacity of 130,000 vehicles annually, will increase its base capacity to 220,000 vehicles by 2025, and will also become a global export hub. The company has planned to earmark up to 30 % of its annual production for markets outside India.
Arvind Saxena, President and Managing Director, GM India, said the company is proud to produce Chevrolet vehicles for the Mexican market, in line with its commitment to the Make in India program. He added that exports will be an important and ever-growing part of the company’s business, which is also a part of GM’s strategy to make India a global export hub. Saxena also said that GM India is identify additional export markets, which will help drive capacity utilisation at the Talegaon facility.
Author: Auto Tech Review