According to foreign media reports, a source Thursday (December 3) that General Motors and SAIC in India on Friday announced a joint venture news.
The sources said that General Motors has been manufacturing passenger cars in India, but the joint venture will further expand its market in India.
Sina Auto first time on the matter to the General Motors China PR person concerned confirmation, the person said, declined to comment.
Earlier media reports, SAIC-GM India’s plant things that the acquisition has been basically completed and is currently SAIC-GM India’s plant has become a major shareholder. SAIC-GM-Wuling’s a mini-car production plant in India.
General Motors in 2003 to enter the Indian market. Last year, nearly 60006 sold 1000 cars, compared with the previous year, an increase of 10%. This sales performance was still well below the local automotive industry leader Suzuki Motor. Suzuki cars sales are 10 times more than General Motors. General Motors is eager to expand its territory in India.
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