New Delhi, Jan 19, 2006 (Business Standard): General Motors India today presented three new cars to be launched in India under the Chevrolet brand between February and June this year. They are: premium hatch­back Aveo U-VA, premium sedan Aveo and Optra SRV (sports recreational vehicle).

GMI, which is the Indian subsidiary of world's largest auto company General Motors, has under 3 percent of the Indian market and will be hoping that the new models will bring in volumes, especially the Aveo U-VA, which willbe in the burgeoning segment populated by the likes of Maruti's Swift and Hyundai's Getz. Mid­size sedan Aveo will compete with the Honda City.

The company said it was looking to corner 10 percent share of the Indian market by 2010, when the size of the market projected to double to 2 million. GMI is expanding capacity at its Halol plant in Gujarat from 60,000 units to 85,000 units with an investment of Rs100 crore.

GMI did not reveal the price or the technical specifications of the new models but said all three would come in petrol engine versions to start with, having engine capacities in the range of 1.4 to 1.8 litre.

Among the existing range of products in the market under the GMI banner, the only volume driven model is its utility vehicle, the Chevrolet Tavera, that sells a little less than 2000 units a month.