GM to launch mini car in India
The car would be competitively priced and would compete with Santro, Maruti and Alto, said company's vice president.india Updated: Mar 30, 2006 13:12 IST
Auto major General Motors India is harbouring "definite" plans to launch a mini car that would be "competitively priced" and would aim to get a market share of 10 per cent, a top official of the company said on Saturday.
"The company is committed to launch a mini car," which would compete with Alto, Santro and Maruti, General Motors India, Vice President (Corporate Affairs), P Balendran, told reporters here after launching Chevrolet Aveo in the Kerala market.
Balendran did not specify when the "mini car" would hit the road but said it would "definitely come" and the intention was to get by 2010 a 10 per cent share of the international market, he said.
Declining to give any hint on the price of the car, he said it would be "competitively priced."
The Aveo, which has been launched in Mumbai and Chennai, is the first of the three new Chevrolet products debuting in the first six months of this year and would soon be joined by the Aveo U-VA and Optra SRV by June-July.
The Chevrolet Aveo that claims to have incorporated the latest technology and meets the highest standards of quality, has been re-engineered based on extensive testing across the country to meet the specific customer needs and local driving conditions and regulations. It will be available in both 1.4 and 1.6 engine options.
The new sedan, to be built at GM's manufacturing facility in Halol, in Gujarat, redefines the small car segment, he said.