General Motors ready to launch Camaro in India
AMERICAN CAR maker General Motors is all set to launch its sports car Camaro in India. Though tentative launch date and price of the car is not revealed, the car is expected to hit roads at a price of around Rs 30 lakh. Camaro in India will be launched as a brand builder for the company among people in India. The company intends to increase sales to 300,000 units in India by 2013 and has planned to launch 6 new vehicles in association with SAIC in next two years.
Chevrolet Camaro was displayed at the Delhi Auto Expo held last year in India. This car would be most expensive car from GM in India, however it ranks as the cheapest sports car in the world.
In US market , Camaro base price starts at around $20,000 and goes up to $40,000 . Being a completely built unit, an import duty of 110% will be paid on it causing the rise in the price to almost double.
The company is also planning to introduce an 800 cc powered Spark ,making it the cheapest car from GM in its 14-year operations in India so far. General Motors allready sells the Beat, Spark and Cruze models in India.
Vehicle sales in India grew a record 31 percent in 2010. Analysts said ,Indian automobile industry could grow to $113 billion by 2020.GM sold 110, 804 vehicles in India last year. Presently, it holds only 5% market share in the country . GM India expects its sales to grow at double the pace of the industry in 2011 and hoping to compete in small car segament.
Questions and Answers
The automobile industry in India has shown rapid growth in last few decades and opportunities in this field are expected to grow more with recent innovations in products and new inventions.
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India has turned out to be the largest exporter of indigenously manufactured cars to several developed countries which has given an impetus to automobile exporters India who have diversified in to the export market. Similarly, there is a wide and open market for auto accessories in the international market with the auto accessories exporters spreading across the country.
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Automobile companies in India are all active for providing top caliber cars, bikes for the needy public. Hyundai cars,Honda motors, Maruti Suzuki are the Leading Indian automobile companies.
Automobile industry in India has gone through tremendous transformation in last three decades. There is a time when India hardly had its own car manufacturing company; today there are numerous car manufacturing centers. Moreover, automobile services in India are being offered in plenty which not only efficient but match to the international standard also. The entry of Suzuki Corporation in Indian passenger car manufacturing was the first indication of automobile revolution in India.
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Status of women in our society is changing with time. The example was set by the famous Slut Walk, which was held in Canada earlier this year and the example is being followed by Indians as well.
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