GM India To Expand Pre-Owned Business Through Out Pan India
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General Motors India Limited going to expand the pan-india launch of its pre-owned vehicles business within two to three months.
“The details for the pan-India launch of our used car venture are being worked out and the venture is expected to be launched within three to four months. As a part of the countrywide launch of our used car venture, we would roll out 10 outlets for used cars in select cities of the country”, P Balendran, vice-president, GM India said.
“India offers a huge market as far as pre-owned cars are concerned as for every model of passenger car sold in the country, two used cars are sold. The used car market in India is still largely unorganised and it needs to be tapped effectively”, he added.
He also pointed that GM India would offer a guarantee of six months on all its used car models and the pre-owned cars would be subject to a series of inspections at the company’s used car outlets to ensure a fair deal to the customers. The size of the used car market in India is estimated at about 10 Lakh units per annum. At present General Motors India has only one outlet in New Delhi for its used car business.
While commenting about its power train facility at Talegaon plant in Maharashtra, “Construction work for our power train facility is in full swing and the plant would be ready for commercial production by the end of 2010. We have plans to make this facility as the sourcing hub for General Motors for engines and transmission equipment”, said Balendran.
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Posted: April 5th, 2009 under Cars.
Tags: General Motors, general motors india, GM, gm india, gm pre owned car business, gm used car business, gmi, pre-owned vehicle business, used car business
