Exclusive: GM set to storm India as Korea costs climb

  • 7 years ago
General Motors (GM.N) aims to grab at least 5 percent market share in India within the next decade. The company sees India overtaking Japan as the world's third biggest car market with annual sales projected at 8 million vehicles by 2025. The Detroit based carmaker, which is losing money in India even after 18 years including a loss of a whopping 38.5 billion rupees in the year up to March plans to launch a new range of products to revive its sagging sales.

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