General Motors is reportedly considering reinforcing its Indian manufacturing operations as a global source for small cars with exports to start to markets in Latin America.
The Economic Times reports that General Motors India plans to start export of Beat small car to Latin America from the second half of 2014. The report says the company will begin exports to Latin America with shipments to Chile in October (at 2,000 to 2,500 units of Beat) before the company adds Mexico, Peru, CAC (Central American and Caribbean countries) after that.
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The report says that within a couple of years almost 18-20% of total production or 30,000 to 33,000 units at the GM’s Talegaon factory is expected to be allocated for export.
The report also said that Mexico will eventually be the plant’s biggest export market, accounting for more than 12,000 units a year.
India has emerged as a global manufacturing hub for small cars with a number of manufacturers, such as Hyundai and Suzuki, opting to build low-cost manufacturing operations helped by a natural base of strong local demand for small cars.
