GM is expecting to sell 1-lakh units in India this year, Gupta said.
“We are on the growth path. Last year, we sold around 70,000 units. We hope, this year, we can improve this figure to 1-lakh, with a growth rate of about 50%. We are upbeat on our ‘Beat’ from which we see more than 40% sales emanating," he said.
The company is strongly focusing on localisation with a view to drive down costs, he said.
The company is planning to phase out its model, Aveo, gradually.
“Our aim is to capture a double-digit marketshare in India in a few years," Gupta said.
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