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Monday, September 8, 2008

GM forms new entity to augment sales in India

US carmaker General Motors said it has created a separate entity for its sales and distribution activities in India as a part of restructuring and realignment of the company's corporate structure.
The formation of the new entity, General Motors (India) Marketing Pvt Ltd, comes close on the heels of the US car major stepping up its investment in India with plans to pump in 200 million dollars at Talegaon in Maharashtra, to set up a powertrain facility.
The move would help GM improve planning, inventory management, transport management, timely delivery and maximise cost synergies, he added. The restructuring exercise would also involve transfer of some employees, who were engaged in sales, marketing and distribution activities, to the new company.
GM India is expanding its sales points to 145 and service outlets to 160 by the end of this year.

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