Press Esc to close
Monday 24 November 2014
News updated at 8:22 AM IST
Weather
Max: 0°C
Min : 0°C
In Bengaluru
Sunny day

Industry will grow at 2% this fiscal: GM India

Chennai, Feb 4, 2013, PTI:

General Motors India on Monday said automobile industry is expected to grow by two per cent in this financial year.

"Last year (2011-12), in the beginning, we (industry) all thought that the market is likely to grow somewhere around 12-14 per cent. By the time the year got close, the growth was somewhere around only two per cent," General Motors India, Vice-President P Balendran said.

He said that the industry would not grow more than two per cent, and if one looked at last year's figures, General Motors sold about 92,435 units in the domestic market, which was down 17 per cent compared to 2011. The company last year phased out three products, including premium sedan Optra, midsize sedan Aveo and hatchback U-VA resulting a decline in sales. "But this year, we should be able to register growth in tandem with the market", he said.

He said the company expects to launch its first multi purpose vehicle 'Enjoy' by March end or April and it would be competitively priced.


After launching the latest sedan 'Sail' in Tamil Nadu at a price of Rs 4.99 lakh onwards (ex-showroom Chennai), he said the company hopes to sell about 48,000 units per annum, including its hatchback. -- Sail U-VA across India.

Go to Top

Photo Gallery
Mercedes F1 driver Lewis Hamilton of Britain celebrates after winning the Abu Dhabi F1 Grand Prix

Mercedes F1 driver Lewis Hamilton of Britain celebrates after winning the Abu Dhabi F1 Grand Prix

Winners of Delhi Half Marathon 2014

Winners of Delhi Half Marathon 2014

Elderly women take part in Tug-of War during annual month long sports competition...

Elderly women take part in Tug-of War during annual month long sports competition...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

A tigress in a playfull mood at the Maharajbag Zoo in Nagpur, Maharashtra...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Indian Air Force (IAF) Sukhoi Su-30 fighter aircrafts make a formation in the shape...

Players during the 3rd day of IBSF World Snooker Championship in Bengaluru...

Players during the 3rd day of IBSF World Snooker Championship in Bengaluru...

Interim President, BCCI Shivlal Yadav felicitates Indian cricketer Rohit Sharma at the BCCI...

Interim President, BCCI Shivlal Yadav felicitates Indian cricketer Rohit Sharma at the BCCI...

Migratory birds arrive to make nest at tree at Islampur in Birbhum district of West Bengal...

Migratory birds arrive to make nest at tree at Islampur in Birbhum district of West Bengal...

Decommissioned warship, INS Vikrant being wrecked at Darukhana ship breaking yard in Mumbai...

Decommissioned warship, INS Vikrant being wrecked at Darukhana ship breaking yard in Mumbai...

Indian Air Force (IAF) helicopters make a formation during a parade for presentation...

Indian Air Force (IAF) helicopters make a formation during a parade for presentation...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523