General Motors rides on Chevrolet hope

General Motors rides on Chevrolet hope
PTI
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First Published: Tue, Feb 10 2009. 04 28 PM IST
Updated: Tue, Feb 10 2009. 04 28 PM IST
New Delhi: Ailing US auto major General Motors on Tuesday said it expects India to be among the top five markets globally for its brand Chevrolet in the next five years as it introduces newer products in the country.
“India, with its robust economy, is one of the fastest growing markets for automobiles. Going forward, India can be one of the top five Chevrolet markets globally in the next five years,” said General Motors vice president (global sales, services and market) Jonathan Browning.
The company on Tuesday launched a special edition of its entry level hatchback, Spark Muzic, priced at Rs3.27 lakh (ex-showroom). Later in the year, it will launch sedan Cruze followed by a Mini car. It has already launched the automatic transmission version of its SUV, Chevrolet Captiva.
Speaking about the company’s performance in the country in 2008, Browning said,“At a time when the auto industry in India has contracted by 2.2%, we have recorded a growth of 9.4% in 2008 selling over 65,000 units.”
The Chevrolet Spark accounting for 31,600 units of the total sale in 2008.
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First Published: Tue, Feb 10 2009. 04 28 PM IST