Cars
India has a population of over 1.1 billion people. China possesses about one-fifth of the world's population, at about 1.3 billion people. Therein lies over one-third of the world's brainpower; over one-third of the world's appetite; and over a third of the planet's emotional heartstrings.
"So let's sell them some cars", said General Motors. Sell they have, and sell they will. General Motors has been very successful in China. Since its 1994 arrival in India, GM has invested over $750 million into building and selling cars. GM head-honcho Rick Wagoner believes that, of all the growth in the automotive industry in the next 10 years, Asia will account for 70%. India and China have flourishing economies despite their other troubles (poverty and high urban migration, for two) and General Motors desire to put a stake in India, like they did in China, is a good desire to have.
GM wants to meet a lot of their India-based manufacturing needs by tapping into India's parts-suppliers. In addition to that, GM would gladly enhance their global operations using the same methodology. Wagoner means, "Cheap labour is good for us." Except he's American, so he'd say, "Cheap labor is good for us."
GM does not stand alone. A fair approximation would say that since the end of 2005, Nissan, Fiat, Honda, and GM have a combined $1.5 billion invested in the Indian market. India produces about 1.4 million cars a year now, but by 2008 (next year), that number could double. There are multitudes of sales forecasts available to read, but it is doubtful that the market will fail to meet even the lower predictors. If Tata produces a $2,500 car (4-door, 33 horsepower), the growth could be exponential.
Delphi, Visteon, and Magna are ramping up India-based parts manufacturing operations. The oft-maligned Indian carmakers are now having their small-car expertise studied by foreign makers. To see how good the cars are? Not so much. To see how they can build so cheaply? Yes. Then balance the cheapness with the prior knowledge of high quality. India has a highly qualified workforce. Find engineer(s), pay $25/hour, have new car chassis design. Consider it done.
Even with GM's recent announcement, India will only rank third on GM's list of Asian hubs. China and South Korea (GM Daewoo) each do at least 700,000 vehicles annually for the General.
- Suzuki S-cross Launches In India As A "premium Crossover"
After Hungary and China, India has become the third country in the world to produce the Suzuki SX4 S-Cross. Maruti Suzuki India introduced the S-Cross in India as a “premium crossover†and will sell it under a newly-established sales channel...
- Gm To Invest $5 Billion In New Small Car Family For Emerging Markets
General Motors is planning to spend $5 billion over the next several years to develop a new range of small cars based on a common architecture. The technology-rich vehicles will be built and sold as Chevrolets in China, Brazil, India, Mexico and other...
- Jaguar-land Rover Opens Assembly Plant In India, Rolls Out Its First Model [with Video]
Gone are the times when you knew where cars were made just by looking at the brand, and when luxury carmakers made the manufacturing of their vehicles in their home country one of their top selling points. Nowadays, you have BMWs built in China, India,...
- Audi Starts A6 Production In India
Audi has begun production of its luxury midsize sedan, the A6 in India at its Aurangabad site in the state of Maharashtra. In 2008, more than 300 A6 sedans all of which are intened for the Indian market, will be assembled in single-shift operation. By...
- Bmw India
About half of all BMW's sold in India this year have been of the 3-series variety. You'd expect it to be so. Nevertheless, as of the first 3/4 of the year, that is just 500 BMW 3's. The 5-series makes up the majority of the remaining sales...
Cars
CHINA & INDIA - ASIAN MARKETS RISING
India has a population of over 1.1 billion people. China possesses about one-fifth of the world's population, at about 1.3 billion people. Therein lies over one-third of the world's brainpower; over one-third of the world's appetite; and over a third of the planet's emotional heartstrings. "So let's sell them some cars", said General Motors. Sell they have, and sell they will. General Motors has been very successful in China. Since its 1994 arrival in India, GM has invested over $750 million into building and selling cars. GM head-honcho Rick Wagoner believes that, of all the growth in the automotive industry in the next 10 years, Asia will account for 70%. India and China have flourishing economies despite their other troubles (poverty and high urban migration, for two) and General Motors desire to put a stake in India, like they did in China, is a good desire to have.
GM wants to meet a lot of their India-based manufacturing needs by tapping into India's parts-suppliers. In addition to that, GM would gladly enhance their global operations using the same methodology. Wagoner means, "Cheap labour is good for us." Except he's American, so he'd say, "Cheap labor is good for us."
GM does not stand alone. A fair approximation would say that since the end of 2005, Nissan, Fiat, Honda, and GM have a combined $1.5 billion invested in the Indian market. India produces about 1.4 million cars a year now, but by 2008 (next year), that number could double. There are multitudes of sales forecasts available to read, but it is doubtful that the market will fail to meet even the lower predictors. If Tata produces a $2,500 car (4-door, 33 horsepower), the growth could be exponential.
Delphi, Visteon, and Magna are ramping up India-based parts manufacturing operations. The oft-maligned Indian carmakers are now having their small-car expertise studied by foreign makers. To see how good the cars are? Not so much. To see how they can build so cheaply? Yes. Then balance the cheapness with the prior knowledge of high quality. India has a highly qualified workforce. Find engineer(s), pay $25/hour, have new car chassis design. Consider it done.
Even with GM's recent announcement, India will only rank third on GM's list of Asian hubs. China and South Korea (GM Daewoo) each do at least 700,000 vehicles annually for the General.
- Suzuki S-cross Launches In India As A "premium Crossover"
After Hungary and China, India has become the third country in the world to produce the Suzuki SX4 S-Cross. Maruti Suzuki India introduced the S-Cross in India as a “premium crossover†and will sell it under a newly-established sales channel...
- Gm To Invest $5 Billion In New Small Car Family For Emerging Markets
General Motors is planning to spend $5 billion over the next several years to develop a new range of small cars based on a common architecture. The technology-rich vehicles will be built and sold as Chevrolets in China, Brazil, India, Mexico and other...
- Jaguar-land Rover Opens Assembly Plant In India, Rolls Out Its First Model [with Video]
Gone are the times when you knew where cars were made just by looking at the brand, and when luxury carmakers made the manufacturing of their vehicles in their home country one of their top selling points. Nowadays, you have BMWs built in China, India,...
- Audi Starts A6 Production In India
Audi has begun production of its luxury midsize sedan, the A6 in India at its Aurangabad site in the state of Maharashtra. In 2008, more than 300 A6 sedans all of which are intened for the Indian market, will be assembled in single-shift operation. By...
- Bmw India
About half of all BMW's sold in India this year have been of the 3-series variety. You'd expect it to be so. Nevertheless, as of the first 3/4 of the year, that is just 500 BMW 3's. The 5-series makes up the majority of the remaining sales...