GM India has planned to launch its luxury brand Cadillac in the Indian market.Karl Slym,President and Managing Director of GM India said that they have completed a survey on Cadillac and insisted that Cadillac is having a strong brand recognition.He however said that the company was not willing to sell the Cadillac brand in India which GM owns worldwide.
He added that owing to the twin impact of rising interest rates and hike in fuel prices, the industry growth had slowed down between 10% and 20%.He further added that however,they will grow double the industry rate.He informed that last year,the industry grew by 30% and GM India grew by 60%.
Slym finally concluded that within the next 18 months,the company would launch five models including an LCV in all fuel variants.He said the company was expanding the capacity of Halol (Gujarat) and Talegaon (Maharashtra) plant to 1.10 lakhs and 1.7 lakhs respectively involving an investment of US$ 500 mn.