GM to launch Camaro sport car in India

Automobile major General Motors Thursday said that it plans to bring iconic budget friendly sports car Camaro to India.

The Chevrolet Camaro was first displayed in India at the Auto Expo last year, but at that time the company had ruled out any immediate plans of introducing the swanky car in India. The car is expected to be priced around 3 mln rupees.

As we go through the development phase of the new generation Camaro we will try and do a right hand drive. But we will not assemble it here, he said. In the US the Camaro base price starts at around $20,000 and goes up to $40,000 (or Rs 18 lakh). Since the company would attract an import duty of 110% since it is a completely built unit (CBU), the price of the car would double.

Lee said that with the introduction of the car, GM would use its entry as a brand builder. We will not sell a lot of Camaros in India but it will be a brand builder for the company bringing many people to our showrooms.

The carmaker also plans to launch our passenger and two commercial vehicles with 14 variants in the next 24 months and reach a sales figure of 300,000 units by 2013.

Currently, the company offers eight car models under the Chevrolet brand, like the hatchback Spark, Beat and Aveo U-VA, sedans like Optra, Cruze and Aveo sedans, sport-utility vehicle (SUV) Captiva and the multi-purpose vehicle Tavera.