GM to launch another small car in two years

From less than a 1 per cent market share a year ago, General Motors today commands 3 per cent of the Indian car market. Now the car maker is looking at going smaller and cheaper to triple its market share in the next 2-3 years.
Enthused by the sales of Chevrolet Spark and the UVA General Motors is planning to go even smaller.
While it may not go as small on size or price as the Nano, GM is developing a sub $5000 car which will be positioned between Tata's Nano and Chevy's Spark.
That’s not all GM is also working on another small car which could bear resemblance to GM's concept car beat, which was showcased at the Frankfurt motor show last year. The car will be priced in Rs 3 lakh bracket.
General Motor Asia-Pacific Group VP, President D Nick Reilly said, “Segment is very significant and there would be a second entry into the segment. Plans to add 3-4 new models across the different segments in the next three years.”