GM, SAIC is talking on a possible JV (Indian)

Posted on Monday, 19 October 2009 , 08:10:00 byEmil

Filed under saicindiajoint-venturegmindian-jvtechnologychinaGMAmerican

GM, SAIC is talking on a possible JV (Indian)

GM wants to raise further its Indian operations with help from SAIC, Chinese automaker. Apparently the American-based builder talks with the Chinese firm about an alliance, that would help expand into brand new markets, India included.

A report from Reuters citing India's Economic Times says there are claims involving negotiations are under way at the moment but a source; no other details about the projects of the 2 firms are available now.

'GM's discussions with SAIC include business opportunities in India, but no final decision has been made on how they will cooperate' said the source.

General Motors India signed recently a contract with Reva to create vehicle platforms plus electric car technologies, good for local markets. It's believed the 2 firms will work on an electric Spark variant. The production of jointly-created units will start next year, GM stated.

Karl Slym - Managing Director and GM India President said 'We are pleased to be joining hands with Reva, a leader in the development of electric drivetrains and control systems. We will also work closely with the government of India, which has expressed a goal of reducing fossil fuel dependence, in the development of an electric vehicle infrastructure. We look forward to giving our customers a new choice of environmentally friendly products'.

Chetan Maini, Reva Chief Technology Officer and Deputy Chairman affirmed 'We are extremely happy that we have found a partner in GM India that shares our passion for reducing carbon emissions. Reva and GM India will leverage our companies' strengths to help make India a global hub for the development and manufacture of electric vehicles and related technologies. Our unique collaboration has the potential to result in far-reaching changes for the industry'.