AMERICAN CAR maker General Motors is all set to launch its sports car Camaro in India. Though tentative launch date and price of the car is not revealed, the car is expected to hit roads at a price of around Rs 30 lakh. Camaro in India will be launched as a brand builder for the company among people in India. The company intends to increase sales to 300,000 units in India by 2013 and has planned to launch 6 new vehicles in association with SAIC in next two years.
Chevrolet Camaro was displayed at the Delhi Auto Expo held last year in India. This car would be most expensive car from GM in India, however it ranks as the cheapest sports car in the world.
In US market , Camaro base price starts at around $20,000 and goes up to $40,000 . Being a completely built unit, an import duty of 110% will be paid on it causing the rise in the price to almost double.
The company is also planning to introduce an 800 cc powered Spark ,making it the cheapest car from GM in its 14-year operations in India so far. General Motors allready sells the Beat, Spark and Cruze models in India.
GM sold 110, 804 vehicles in India last year. Presently, it holds only 5% market share in the country . GM India expects its sales to grow at double the pace of the industry in 2011.
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