New Delhi, Jan 19, 2006 (The Financial Express): General Motors India on Wednesday unveiled three new cars - the Aveo in a hatchback and sedan versions and a sports back variant of the Chevrolet Optra.

These vehicles are slated to hit Indian roads between February and June as the company has targeted increasing its marketshare in passenger vehicles from 4% now to 10% by 2010.

The company said it will reveal the prices and specifications of the three vehicles closer to their launches. While the premium hatch­back, Aveo U-VA would take on die Suzuki Swift and Hyundai Getz, the sedan would take on mid-sized vehicles ranging from die Tata Indigo to the Honda City.

All vehicles will be powered by engines with capacities between 1.4-1.8 litres, company officials said refusing to go into more details. Admitting that GM needs to be more aggressive, president Rajeev Chaba said it was also extending capacity at its Halol plant in Gujarat from 60,000 units to 85,000 units with an investment of Rs 100 crore.

The company is also opening two additional parts distribution centre one each in Maharashtra and Delhi to compliment the existing ones at Halol and Chennai.