General Motors India aims for 70 pc sales jump this year | business | Hindustan Times
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General Motors India aims for 70 pc sales jump this year

business Updated: Jun 09, 2007 16:41 IST

Buoyed by response to its hatchback Chevrolet 'Spark', General Motors India on Saturday said it was looking for about 70 per cent growth in sales this calendar year.

"Despite the industry slowing down, we have been able to achieve robust growth. This year we are looking at selling about 66,000 units as compared to 38,800 last year," GM India Director Marketing Anisha Motwani told reporters in New Delhi at the launch of the company's first diesel offering in sedan Optra Magnum.

She said with Spark doing well, the company was aiming to sell 18,000 units of the car, while 24,000 unit sales were expected from multi-utility vehicle Tavera in 2007.

"About 8,000 units are expected from Optra range, 70 per cent of which will be from the diesel version, while 16,000 units are targeted from Aveo, Aveo-UVA and Chevrolet SRV combined," Motwani said, adding a new petrol version of the Optra sedan would be launched soon.

The Optra Magnum, powered by a two-litre turbocharged common rail direct injection engine has been introduced at a competitive price starting from Rs 8.74 lakh to Rs 9.99 lakh. It has been pitched against the likes of Skoda Octavia (Rs 11.34 lakh) Toyota Corolla (Rs 9.07 lakh).

In May, GM India saw a 95 per cent a jump in sales at 3,625 units as against 1,853 units in the same month last year.

GM India Vice-President Marketing (Sales and Aftersales) Ankush Arora said the company was also planning to launch SUV Captiva next year, while possibilities were being explored for introducing CNG range in mid-sized sedan Aveo. GM has already introduced CNG Optra in the market.