New Delhi: GM India on Tuesday announced that it continues all its normal operations and is not included in the court reinvention process of GM’s US operations.
GM announced a US Court filing of the automaker under Chapter 11 of the United States Bankruptcy Code. The launch of New GM, which will have substantially less debt and operating cost, is expected to be completed within two or three months.
“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 Group Vice-President and President of GM Asia Pacific in Shanghai Nick Reilly said.
The company also said that GM India operations are not included in the US filing for Chapter 11. Consequently, all GM India dealers, warranty and customer support services will remain unaffected and continue to function as normal. Its country-wide dealership network and service centres will continue to do business and customers can visit their local dealer for service and warranty coverage, while dealers will receive new vehicles and spare parts as usual.
“We are committed to ensuring that our customers continue to receive a top-notch sales, service, 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,” President and Managing Director of General Motors India, Karl Slym, said.
“In its 14 years of established operations in this country, GM India has invested over Rs 5,000 crore to create a manufacturing capacity of 2,25,000 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 4,000 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,” Slym added.
GM India has announced the launch of three new cars for this year. Of these, it has launched Chevrolet Captiva Automatic+ in January and its second offering of the year, the premium luxury Chevrolet Cruze sedan will reach dealerships within the next few months.
An all-new mini car will also hit Indian roads towards the end of this year.
In addition, the company will also be launching LPG and CNG options in its current product line-up in the coming months.
Comments
0 comment