GM looking at Rs 2 lakh mini car for India

[Hannah Bell]

NEW DELHI: It may have entered bankruptcy protection in the US, but General Motors still has ambitious plans for India. The auto major is planning to develop a small car which will be its cheapest globally, at a possible price tag of under Rs 2 lakh.

As it works its way out of bankruptcy in the US, GM has reiterated that markets like India and China would be key to its revival, especially when numbers remain depressed in home market US. Reilly also said small cars would be the key to growth in the future and GM would focus more on their development.

http://economictimes.indiatimes.com/articleshow/4610970.cms