INDIA: GM eyes Chinese JV shipments to India
GM is in 'advanced talks' with its Chinese partners on a proposal to bring their vehicles to India, the Press Trust of India has reported.
GM began talks with its partners Shanghai Automotive Industry Corp (SAIC) and Wuling eight months ago to explore possibilities of bringing their light commercial vehicles to India.
"Now we know what can work in India and what cannot," Karl Slym, the president of General Motors India, was quoted as saying by the news agency. "We are at a position (where) very, very soon we should be able to make a decision" on how to proceed, Slym said.
GM and the two other companies have a three-way joint venture in China known as SAIC-GM-Wuling Automobile Co.
They are also looking beyond bringing only commercial vehicles to India through their partnership, the news agency said.