“The new global vehicle family we just
announced will have several different body styles designed to meet the
expectations of the Indian consumer,” said Jacoby. “The vehicles will be manufactured and sold
in India and feature striking styling that has never been seen here before.
They will also be exported worldwide. With this investment, our aim is to
double our market share in India by 2020,” he further added.
There are no plans to export
the vehicles to mature markets such as the United States, the company informed.
GM India is expected to roll
out 10 new locally produced Chevrolet models within the space of five years.
They include the Trailblazer SUV, which will go on sale in October of this
year, and the Spin MPV, which will reach the market in early 2017.
manufacturing in a single location in India will support the long-term
sustainability of our business in a challenging emerging market,” said Saxena.
“This is not a decision that we are making lightly and we are committed to
treating those impacted respectfully,” said Saxena.
Chevrolet has communicated
directly with employees at the Halol facility and will have more information to
share at a later date.
GM was established in India in
1996 in Halol. Its Talegaon facility was
established in 2008. GM also operates the GM Technical Center-India in
Bangalore, which was established in 2003.
India offers a broad lineup of locally built Chevrolet products. In
2014, it sold 56,700 vehicles, giving it market share of 1.8 percent.