General Motors India will miss its 2010 deadline of a 10% slice of the Indian car market, the Press Trust of India reported, citing president and managing director Karl Slym.
General Motors India will miss its 2010 deadline of a 10% slice of the Indian car market, the Press Trust of India reported, citing president and managing director Karl Slym.
“The economic downturn has forced us to go for a change of plans. Instead of 2010 as the timeline for securing a 10% share in the Indian car market, we are now re-scheduling the target till 2011,” the PTI quoted Slym as saying.
However, the company was optimistic sales would increase 10% year on year this year, the PTI reported.
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