Friday, June 26, 2009

A new Spark on Beat-concept by end-2009 from General Motors

General Motors India is ready to bring a new Spark in India based on the Beat concept. The company has recently unveiled this model at the 2009 Detroit Motor Show and now intends to launch the model globally. This means India will have the all new Spark by end of this year.

It is important to note that this new car will not replace the existing Spark model currently being produced from the company’s Talegaon unit in Maharashtra. The new Spark is expected to be priced around Rs. 4.5-5 lakhs. 10 percent of the overall production will be marked for exports. The company intends to market the car in neighbouring countries like Sri Lanka, Nepal, Bhutan where it has all the Indian product portfolio models except Tavera.

GM is believed to have invested US$ 50-60 million (Rs. 200-250 crore) in tooling and equipment for the model and will manufacture the car at its newly-built Talegaon unit. The company will use the Talegaon plant as an export base for countries in the Asia-Pacific region and Europe.

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