General Motors Unveils India-Made Car Engine
General Motors Co. Thursday unveiled the first engine developed by its Indian unit, as the Detroit auto maker takes a significant step to expand its presence in this emerging automobile market.
The 1.2-liter gasoline engine will initially be offered in the Chevrolet Beat small car from Feb. 1 and later extended to other models as well, company executives said.
Introducing locally developed engines will help GM utilize the lower-cost and skilled manpower in the south Asian country to produce new cars that are priced competitively to take on rivals such as Suzuki Motor Corp., Hyundai Motor Co. and Ford Motor Co.
“India is a key market for General Motors,” said Tim Lee, GM’s president for international operations.