General Motors India is working on a vehicle to take on the Tata Nano. In collaboration with GM’s Chinese partner SAIC, this would be India’s first joint-venture that results in a new vehicle. Karl Slym, President and Managing Director of GM India had the following to say about the development of the new car:
“SAIC, our 50% joint venture partner in India, is very advanced on such low-cost manufacturing and we will use its expertise (in developing the value car)”.
Due to a tariff imposed by India for imported Chinese goods, GM will source parts from Indian suppliers for the new car. Expect the price to be around $5,000, putting GM’s least-expensive product to date roughly $1,000 higher than the Nano’s $4,000 price tag. Besides India, the vehicle will most likely be sold in developing nations worldwide and wear the Chevrolet badge. There are no details in regards to the platform this future vehicle will be using, but we suspect it may be related to the already-inexpensive Chinese-designed Chevrolet Sail.[Source: Gasgoo]