India Broadband

Pirate

World’s largest automaker General Motors might be struggling in their domestic market of USA but they are doing extremely well in other markets especially in Asia.

The company now aims to capture 10 percent of the region’s market by 2010.

GM is specifically looking at growth in the Indian and Chinese auto markets, which are growing at a rapid pace. They are aiming at selling around 1.3 million vehicles in Asia this year to grab a 6.5 percent market share. And majorities of these sales are expected to come from the Chinese market.

General Motors is also working hard on expanding their presence in the South Korea and Southeast Asian markets including Malaysia and Indonesia.

Nick Reilly, President of GM Asia Pacific said in a statement on their plans for this region: “We hope to increase our market share from 6.5 percent to nearer 10 percent over the next five years. We think that in 10 years’ time, China market may well be the largest in the world, overtaking the U.S. … so to win in Asia-Pacific, you really have to win in China.”