US bankruptcy filing excludes GM India

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GM India continues all its normal operations and is not included in the court reinvention process of GM’s US operations announces, GM India.

Mr Nick Reilly,GM Group Vice President and President of GM Asia Pacific in Shanghai, says that ”We believe this step, which was taken with the support of the US government, is the most efficient and effective means for GM to quickly achieve a competitive and profitable future”.

GM India operations are excluded from the US filing for Chapter 11. Resulting in all GM India dealers, warranty and customer support services remains unaffected and continues to function normally.

Mr Karl Slym, President and Managing Director, General Motors India, admits, “We are committed to ensuring that our customers continue to receive top-notch sales, services, spare parts and warranty coverage experience. Our dealers will also continue to receive all our carlines, while our suppliers will continue to work with us to supply parts and components for our cars, which we will continue to build at our state-of-the-art Talegaon and Halol facilities, in the normal course of business. We have no intention to modify our product, brand or other business plans including new product launches, the all new Chevrolet Cruze from our mother plant in Halol and an all new Chevrolet mini car from our new state of the art plant at Talegaon”.

GM India’s country-wide dealership network and services will continue to do business normally and dealers will receive new vehicles and spare parts as usual and customers may contact their local dealer for service and warranty coverage.

Mr. Slym added to this,” We will remain aggressive in all areas of our business and continue to introduce new and exciting products that are best in class, in order to contribute to our own long-term viability and the bottom-line of our company as a whole. Our product programs and other plans for the future remain on track”.

“In its 14 years of established operations in this country, GM India has invested over Rs.5000 crore to create a manufacturing capacity of 225,000 vehicles per annum. We are deeply committed to this market, our customers, suppliers, dealers and all other stakeholders to continue our rapid story of successful growth in India. Over 4000 people are directly employed by GM India at our manufacturing plants in Halol and Talegaon, our Engineering, R&D and Design Centre in Bangalore and our corporate office in Gurgaon. We are not going anywhere and we are here to stay for the long term.”

Just to flashback, GM India has already announced the launch of three brand-new cars for the year 2009. Chevrolet Captiva Automatic+ is already lunched in January out of these three and another upcoming model the premium luxury Chevrolet Cruze sedan, will hit the road in next coming month. Towards the end of 2009 Indian roads will be glamorized with all-new segment-leading mini-car. On top of this, LPG and CNG options are also about to be launched by the company in its current product line-up in the next few months.

Chevrolet Optra Magnum, Chevrolet Aveo, Chevrolet SRV, Chevrolet Aveo U-VA, Chevrolet Spark, Chevrolet Tavera and Chevrolet Captiva are manufactured by General Motors India for the Indian market. Halol in Gujarat and Talegaon in Maharashtra are the two state-of-the-art manufacturing facilities of General Motors India.

Under Chapter 11 of the United States Bankruptcy Code, GM announced a US Court filing of the automaker. In next two or three months time period, company is expected to launch a New GM that has substantially less debt and operating cost, and it has an aim of creating a company i.e. stronger, leaner and ready to move forward.

Best Selling General Motors (Chevrolet) Cars:
Chevrolet Aveo (Sedan)
Chevrolet Optra (Sedan)
Chevrolet Tavera (SUV)
Chevrolet Captiva (SUV)
Chevrolet Spark (Hatchback)
Chevrolet UVA (Hatchback)
Chevrolet SRV (Hatchback)

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