General Motors may not have become a big shot in India yet but it is slowly turning India into to an exporting hub for the South Asian market. GM is hopeful that in 2006, it can sell nearly 50,000 cars in the Indian market. GM is increasing its production capacities in India and that is perhaps why GM bosses in India have become serious about exporting in the neighboring South Asian countries like Bangladesh, Nepal and Sri Lanka. According a report published in Washington Post, GM is going to export cars from India to Sri Lanka within 2006. After GM India can find dealers in Sri Lanka, the company is going to export Optra sedans Aveo hatchback cars in Sri Lanka. GM has already exported some cars to Nepal and Bangladesh from India.
GM's initiative to turn India into an exporting hub will certainly encourage other foreign players in the Indian auto industry to take similar initiatives. Bangladesh, Sri Lanka, Nepal and Pakistan- all these countries will witness a huge growth in the automobile industry in the next few years along with India because of positive economic growth and privatization initiatives. So, very smart move by GM.
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Posted by: Chuck Russell | June 13, 2006 9:54 PM | Permalink to Comment