GM India has put on hold its plan to launch Cadillac in the country despite receiving positive feedback.
Local president and managing director, Karl Slym, said: “We want to focus on Chevrolet at the moment for which GM India has invested a fortune on building infrastructure like plants.”
Increasing fuel prices and interest rates have affected the Indian auto industry. Slym added: “However, we will grow at double the industry rate. Last year, the industry grew by 30% and GM India grew by 60%.
GM will launch five models including an LCV in all fuel variants within the next 18 months, Slym noted.