The 21st century has begun well for many fields and cricket in particular got instant fame with the 20-20 stream. General Motors, the world’s popular car maker, has painted its sale picture with a target of 20% export of its small cars- numbering to be 50000 units in another one year. Prior to that the roads will fascinate with GM’s Chevrolet Cruize in October. This car will carry along a 2.0 lit petrol engine in the beginning; the subsequent models will carry 1.8 lit petrol engine. In addition there will be four more models by 2010. The mini car will be a replica of GM’s Beat and will be produced in its Talegaon plant which may see its launch possibly by this January, priced around Rs4 lakhs.
The company has identified its potential market holds of Sri lanka, Bangladesh, Bhutan, Nepal, Asia-Pacific region and European nations, wherein 10000 units would be sold out by 2010. The production methodology will be with 65% localization till the exclusive engine transmission plant at Talegaon starts giving fully localized production. Besides, the Cruze is produced at the company’s Halol plant; the sedan is designed with a 2.0 lit diesel engine (to be launched in this October) and the 1.8 petrol variant in January next year. The price range may Rs12-14 lakhs. This move is a retrieval of the bankruptcy which the company faced in its apex country –the US- and lots of hope are fuelling the company in near future.