new delhi general motors on friday announced plans to enter the commercial vehicle segment in india with chinese partner shanghai automotive industry corporation saicthe us auto major that recently emerged out of bankruptcy after a bailout by the us government said the indian light commercial vehicle market was vibrant and growing and provided opportunities for high volumes gm and saic that have a series of jvs in china said they have formed a new 5050 joint venture in hong kong to support expansion into emerging markets that starts with india in india the new jv aims to develop and manufacture commercial vehicles and other competitive products like cars for the domestic and export marketsthe tieup will give gm india access to minicommercial vehicles and other products from the stable of gms joint ventures in china these will be produced at gm indias talegaon and halol plants alongside gms portfolio of models for india and global markets the collaboration is expected to be finalised shortly the companies saidthe jv will get charge of gm india that is a whollyowned subsidiary of gm corp us the tieup provides saic one of chinas biggest automaker a swift and easy entry into the fastgrowing indian market