General Motors Planning Second Minicar Model for India
A General Motors executive said today that the company has plans to build a second minicar for the Indian market. GM introduced its first main competitor in the Indian segment, the Chevrolet Spark (pictured above), in April of last year. President of GM Asia Pacific Nick Reilly told reporters at a press conference, "We believe there is space for us to have another entry in the minicar segment in India." While GM currently produces six Chevy models in India, including the Aveo hatchback, the automaker feels that the blooming Indian economy could support a further lift-back. Market leader Suzuki currently sells as many as five hatchbacks in Indian local markets. GM has said that the new model will not be positioned to compete directly with Tata’s $2,500 Nano minicar.
+ CNN Money: GM plans second tiny car for India
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