General Motors India, presently facing difficulties in raising funds to complete its engine plant, will now expand its used-car business by over five-fold across India this year. 

By the end of this year, General Motors India, is the 100 per cent subsidiary of the bankrupt US car giant General Motors will increase its outlets of pre-owned cars, Chevrolet-OK, to 50 from the existing 11. 

By the end of this financial year, Gm will also expand its regular dealership network to 250 outlets from the current strength of 203 dealers. 

GM India President and Managing Director Karl Slym said that, “We would be extending the same 3-year/one lakh km warranty to used-car owners as well. Though we have not set target for used-cars, but the sale of used cars should not be less than 40 per cent of the new car sales at an outlet”. 

He added that the cars offered through these outlets would go through a 110-point checklist by GM India trained engineers, a besides a detailed history check. 

GM Group Vice-President Nick Reilly, said earlier this month that, “said the Indian operations of the company was facing difficulties in raising major portion of USD 200 million fund, earmarked for the engine plant in Talegaon, Maharashtra”. 

In addition to this, GM India is also planning to increase its dealership network in the rural and semi-urban areas of India. He said, “At present, we have 203 outlets across the country. We would cross 250 mark by the end of this fiscal. Of these outlets, majority would come up in rural and semi urban areas”. 

The rural penetration would help company maintain last year's growth of about 10 per cent despite GM India's sales falling in the first five months of this year, he added.

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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Posted by Naresh Koshti on 15 June, 2009 2:33:23 PM IST #