New Delhi/Mumbai: General Motors will be unveiling a second small car in India in the next two years as it looks at emerging markets to recompense sluggish sales in the US.
Helped by a lower excise duty of 12 per cent (against 24 per cent for bigger cars), small cars make up almost three quarters of car sales in India. The market leader in this segment is Maruti Suzuki. General Motors, which had launched the Spark last year, has a three per cent share. It sold around 2,800 units of the car per month. The company has a manufacturing plant in Gujarat and is building a second facility near Pune in Maharashtra. The company also plans to build an engine plant in India, but Reilly would not share details.
Helped by a lower excise duty of 12 per cent (against 24 per cent for bigger cars), small cars make up almost three quarters of car sales in India. The market leader in this segment is Maruti Suzuki. General Motors, which had launched the Spark last year, has a three per cent share. It sold around 2,800 units of the car per month. The company has a manufacturing plant in Gujarat and is building a second facility near Pune in Maharashtra. The company also plans to build an engine plant in India, but Reilly would not share details.
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