General Motors eyes India as next manufacturing hub

Although, he brand has been around in India, for nearly the last 18 years, still the company has been struggling with its position in the country. But now, the manufacturer hailing from America is planning to change the game, as per a latest report. General Motors is planning to invest in India, as its main manufacturing unit and its core for the exports. This would give in some relief to the company, as their current plant in South Korea, is taking all the pain, but the labor wages, there have elevated than before.

 

 

The company has also decided to roll out some sub-compact machines out to the Indian roads, other than the manufacturing plan, in order to make a place for itself in the Indian market. GM plans and intends to come in to the 5 percent share in the market at least over the next decade. According to the brand, India has a great latent, and is soon taking over Japan, marked as the third largest in the world with an annual sales potential of 8 million machines in the coming 10 years.

 

Although India has been quite sluggish in the last few years, still the brand feels after being taken over by the new Prime Minister, Narendra Modi, things would change for good in India, and the quality of life will be better, therefore enhancing the buying power.

 

 

As per the new prime Minister and the betterment around in the country, India surely would be listed as the third largest economies in Asia. It has been quoted by the General Motors, that after the new PM taking over and the kind of Industrial Revolution taking place in India, they are quite positive about foreseeing growth and potential in India, and that would be a good opportunity for the brand, to book their foot in to the market, as there would be boom and great power to buy lifestyles products here in the country.