Mexican Media Brands
GM to Export Indian-Made Minicar to Chile
General Motors Co. says it will begin shipping left-hand-drive versions of its Chevrolet Beat minicar from India to Chile in the first quarter of 2015.
#economics
Share
General Motors Co. says it will begin shipping left-hand-drive versions of its Chevrolet Beat minicar from India to Chile in the first quarter of 2015. Production of the cars will begin in the second half of this year.
The car, known in the U.S. as the Spark, will be produced at GM's factory in Talegaon. The company did not disclose its export sales target for the Beat, which is its best-selling model in India.
GM says the export plan reflects the company's growing confidence in its India supply base and the desire to better utilize the plant. The Economic Times estimates GM used only 28% of its capacity in India last year. That compares with an industrywide average of 55% utilization.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.