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General Motors targets 20 per cent growth in H2, 2008-09 news
17 October 2008

General Motors India hopes sales to grow by 20 per cent in the second half of the current fiscal, on the back of higher capacity at its new plant at Talegaon in Maharastra.

Company officials said sales grew by 10 per cent in the first half the current fiscal and now with additional capacity to produce more models the company should be able to grow at 20 per cent in the second half of the fiscal.

The company also said the troubles that it was facing in America would not impact its Indian operations.

According to Ankush Arora, vice president - marketing, sales, General Motors India, the ongoing financial turmoil in the US has not yet affected the company's plans in India.

The company has invested 200 million-dollars to set up an engine and transmission facility at Talegaon in Maharashtra which can produce 1.6 lakh units in the first phase. It also inaugurated its 300 million-dollar small car plant, which has a capacity to produce 1.4 lakh units a year.

Arora said that till now the production capacity of Spark was a major constraint in ramping up sales. Now with the new plant he said the company will be able to produce 4,000 units of Spark which will help it to increase sales.
 
Over the past two years General Motors India has registered impressive sales growth. The company posted a record growth of 51 per cent in sales in March 2008, as compared to the corresponding period of last year. The company sold 6,836 units in March 2008 against 4,542 units in March 2006-07, making this the highest-ever monthly sales figure achieved by GM India. In 2007-08 the company sold 1,820 units of the Chevrolet Tavera, 1,589 units of the Chevrolet Aveo, 710 units of the Chevrolet Optra, 2,397 units of the Chevrolet Spark and 320 units of the Chevrolet Captiva.

The company sold 66,543 units in 2007-08 against 38,857 units sold in 2006-07, a growth of 71 per cent year-on-year. The company has also posted an impressive 57 percent year-to-date sales growth for the period of January-March 2008 over the corresponding period last year.

Last month GM India announced an industry-first Chevrolet Promise as part of its Fifth Anniversary celebrations in India. This, zero-cost ownership program offers to take care of labour cost, parts for all services, maintenance and running repairs for a period of 3 years or 45,000 kilometres, whichever occurs earlier.

Three models of GM's flagship brand, Chevrolet, were awarded top honours at the JD Power Automotive Initial Quality Study, including the JD Power Automotive Performance Execution and Layout (APEAL) award in the premium luxury segment.

GM India has 117 operational service centres across India with state-of-the-art, customer-friendly, quick-response service points.


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General Motors targets 20 per cent growth in H2, 2008-09