New Delhi, Jan 19, 2006 (Hindu):
General Motors India on Wednesday rolled
out three new cars - the premium hatch-back
Aveo U-VA, Sedan Aveo and sportsback Optra
SRV - in the Indian markets with its eyes
all set to capture a ten percent market
share by 2010.
General Motors India President, Rajeev
Chaba, on the occasion told media persons
that the company was looking at India as
one of the key markets for investments and
it was going to be more aggressive in its
approach.
The company would be making an investment
of Rs. 100 crore to enhance the capacity
of its plant at Halol in Gujarat from 60,000
units to 85,000 units. It would also be
opening two additional parts distribution
centres - one each in Maharashtra and Delhi
- to complement the existing ones at Halol
and Chennai.
Chevrolet, he said, was among the fastest
growing car brands in India and would push
up the company's sales on a higher trajectory.
General Motors will be expanding its after-sales
service, including spare parts supply, and
add new dealerships.
The company has made an investment of about
Rs. 125 crore for the assembly line of the
three new offerings.