The vehicle will compete with the likes of Toyota's Innova, Maruti's Ertiga.
Ford is among several multinational automobile companies in India for whom exports now bring bigger volumes than local sales.
Rick Wagoner, chairman and chief executive officer, General Motors, spoke to Business Standard on the Indian market.
General Motors India on Thursday cut prices of critical spare parts of two of its best selling models Chevrolet Optra and Tavera by as much as 26 to 52 per cent.
Automobile sales in India started on a high note this fiscal with cars and bikes witnessing an over 16 per cent surge in demand in April even as commercial vehicles saw numbers gain to the maximum, rising by a whopping 68.5 per cent.
General Motors on Saturday launched its new sedan, Chevrolet Aveo, positioned as an entry-level mid-sized car and said it is eyeing total sales of 50,000 vehicles in the Indian market this year.
Floods in Gujarat caused a Rs 30 crore (Rs 300 million) loss to General Motors India and the company said it expected sales performance to be hit, for the second consecutive month, in July.\n\n
General Motors India (GMI) on Monday launched a variant of its sports utility vehicle 'Chevrolet Forester' to tap the growing SUV market in India.
But there are fears that any reform could be reduced to tweaking because the tax is so lucrative.
The changes if legalised would have a detrimental effect on the functioning of Indian tech companies in the US and also small and medium-sized contractual farms in the IT sector, which are mostly owned by Indian Americans.
Aditya Vij, President and Managing Director, General Motors India, launched a special edition of Chevrolet Optra in New Delhi.
General Motors India on Wednesday said its sales grew 42 per cent in February 2005 and announced that expansion of its Halol plant would be completed later this month.
General Motors India would double its production capacity to 60,000 units per annum by March this year, a senior company official said on Thursday.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
India's biggest carmaker Maruti Udyog Ltd on Tuesday announced the setting up of a diesel engine plant with an investment of Rs 350 crore (Rs 3.50 billion).
The exercise is in keeping with SIAM's voluntary code on vehicle recall
Riding high on record sales of 3207 cars in September 2004, General Motors India is setting up a call centre to provide hassle-free services.
General Motors India on Monday announced a loyalty scheme for its customers under which it will offer a bonus of Rs 20,000 on purchase of the Chevrolet Optra NY edition.
General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
German auto giant Volkswagen has asked its joint ventures in China to slash costs by $500 million by the end of 2005 to face an expected profit drop due to intense competition, especially from General Motors, the state media reported on Tuesday.
General Motors India on Wednesday launched the new look Opel Corsa and said the company was working on new programmes to introduce more special editions of its cars in 2005 to boost sales.
The rate cut would mean actual gains for vehicle buyers only when banks pass on benefits.
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