GM expects 8-10% sales growth in Indian market

| March 28, 2012 | 0 Comments

American car maker General Motors has its presence in India thru the Chevrolet brand of vehicles. Now, the auto major’s Indian subsidiary has said that it is looking forward to a 8-10 per cent sales growth this year.

“We are expecting a 8-10 per cent growth in sales in India this year, A total of 1.5 lakh Tavera models were sold in India since 2006, and in the last year we sold 21,000 Tavera, 45,000 Beat and 22,000 models of Spark,”  GM India President and Managing Director Lowell C. Paddock said  recently.

A total of 2.25 lakh GM cars have been sold in Indian market till date. Stating that GM’s marketshare was six per cent all over India, Paddock said nine per cent sales was reported in the eastern region alone. Paddock also added that GM India’s production capacity is four lakh. GM’s investment in India so far is of USD 1 billion and the carmaker currently has no plans for further investments. 

Via ET

 

Category: News

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Yatharth is an automotive design student and a keen follower of the happenings in the Indian automotive industry. He has been handed the task of keeping you abreast with the action in the Indian motoring sphere on a daily basis. He skips his breakfasts and ditches his girlfriends for the noble job.

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