General Motors acquires Indian subsidiary

General Motors acquires Indian subsidiary

GM has announced that they are acquiring their subsidiary based in the Indian market.

The company added that India is one of the most important markets for them.

GM is looking at India for improving their growth in the international markets.

GM India is scheduled to launch two new models in the market this year.

One of the models would be Chevrolet Cruze while the other would be a small car.

GM said in a statement: “Today marks a new beginning for General Motors, one that will allow every employee to get back to the business of designing, building and selling great cars and trucks and serving the needs of our customers. Today, we take the intensity, the speed and the commitment of the past several months and transfer it from the triage of the bankruptcy process to the creation and operation of a new General Motors.”

GM India added: “GM will continue to remain aggressive in India in order to take advantage of opportunities as they arise. Our goal is to continue to provide the best cars to our customers across the country while taking advantage of the extensive global resources offered by the new General Motors Company.”