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GM launches three new cars

Special Correspondent

To enhance capacity at Halol unit

NEW DELHI: General Motors India on Wednesday rolled out three new cars — the premium hatchback Aveo U-VA, Sedan Aveo and sportsback Optra SRV — in the Indian markets with its eyes all set to capture a ten per cent 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.

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