Amid fears of backruptcy by the automaker, General Motors in the US,
its operating unit in India has announced the company's plans to roll
out a small car in the near future.
The small car priced at around Rs 4 lakh is expected to reach by the year end.
"The mini car will be in the upper end of the mini-car segment. It
will be with a ballpark price of Rs 4 lakh and will hit the market by
the end of this year," said General Motors India President and MD
while talking to reporters in Delhi.
The new mini car model will be manufactured at the GM India's Talegaon
plant in Maharastra.
--MP
