General Motors India eyes 8 to 10% growth this year

The American car maker, General Motors mentioned that it is expecting to post 8 to 10% growth in sales in India this year. According to the Managing Director and President of GM India, Mr. Lowell C. Paddock, the company has high hopes this year and is expecting a growth in sales of about eight to ten percent in the Indian car market this year. Recently, GM launched its new variant of Tavera MPV, called Chevrolet Tavera Neo 3 BS IV. Mr. Paddock asserted that about 1.5 lakh units of Tavera MPVs were sold in the country since 2006 and last year, the company managed to sell about 45,000 units of Chevrolet Beat, 22,000 units of Chevrolet Spark and 21,000 units of Chevrolet Tavera. If the total figure is taken into account, GM so far has sold 2.25 lakh units, which is extremely impressive.

General Motors India currently has about 6% market share in the Indian car market and about 9% sales were reported in eastern province alone. Mr. Paddock also mentioned that the company's production capacity at its 2 plants, one at Halol near Bangalore and the other at Gurgaon Haryana is a whopping 4 lakh. In case the eight to ten percent of sales growth is achieved this year, then General Motors will not enhance the production capacity as the car industry is already going through a rough patch. Since the time, General Motors came to India in 2003, it has invested a whopping 1 billion USD and right now there is no further investment plans by GM in India.