GM India Increases Production and Sets Target for Exports

General Motors India is planning to increase its annual production figure to 200,000 units by 2013 and want to export a part of it to the European and Asia Pacific markets, as The Financial Express writes.

Karl Slym, GM India’s president & managing director considers India to be one of the company’s large-growing markets with good prospects for the following years.

We manufactured 65,000 cars in 2008, which grew by 6% in 2009 to 70,000 cars. This year we expect to make 100,000 cars; and wi… (read more)