GM India plans to export up to 20% cars to Latin America
General Motors India, a subsidiary of US car makers General Motors, has drawn up extensive plans to export the Beat hatchback to South America. Exports of Beat hatchback from India to Latin America will start in second half of 2014. Shipments will commence to Chile in October wherein exports will consist of a total of 2000-2500 units of Beat. Exports to Mexico will be next in line, followed by Peru and Central American and Caribbean countries in 2015.
To date, GM India has been exporting cars to both Nepal and Bangladesh, though in a limited way. The company is also keen to step up strong domestic presence due to which they need to increase levels of localization as concentrating heavily on exports will put the company exposed to foreign exchange fluctuations.
In India, the Chevrolet Beat runs on petrol, diesel and LPG. The petrol and LPG variant is powered by a 1.2 liter four cylinder, in line DOHC SMARTECH II engine producing 80.5 PS peak power and 108 Nm torque. Beat diesel receives a 1.0 liter XSDE SMARTECH engine offering 58.5 PS power and 150 Nm torque claiming fuel efficiency of 25.44 kmpl. The 2015 Chevrolet Beat is slated for launch in India by early 2015.
Source Economic Times
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