Latest Car News in India

GM increases stake in India, soon to launch Sail cars

Car makers are highly betting on India and the country that is a heaven for small cars seems to respond well as well. American car giant General Motors has bought the 43 percent stake owned by Shanghai Automotive Industry Corporation Group in Indian operations and now its stake has gone up to 93 percent. This is believed to be in precedence of the expected success of the upcoming Chevrolet Sail hatchback and the Sail sedan. These two Chinese cars brought by Chevrolet are highly expected and these will be known for their high performance at low price. Both these cars are launching shortly.  

This increase in stake in the Indian operations is a clear indication that the car maker has high hopes with India and it sees a bright future for its cars in India. Notably, Chevrolet cars specially the Chevrolet Beat Diesel and Chevrolet Tavera are known for their dependability and high mileage besides performance and low maintenance. The increase in stake is a clear indication that how bullish the car maker is regarding India and despite of the odds currently in place when there the car sales are on the low due to increase in interest rates, high fuel prices.  

Chevrolet bullish for another reason as the car maker is soon to launch its MPV Chevrolet Enjoy which will take on the Maruti Ertiga MUV in India. Already its cars including Chevrolet Beat Diesel and others are performing well and the new Chevrolet Cruze has set in a new trend in the country. All these factors seem to have contributed to the confidence of GM in India. The Sail hatchback is expected to counter Maruti Swift sales in the country and following its low price, it could become the best selling hatchback the country.