Press Esc to close
Thursday 30 March 2017
News updated at 7:52 PM IST

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
People  are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

People are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

A group of Marathi women, dressed in traditional attires, with placards displaying...

A group of Marathi women, dressed in traditional attires, with placards displaying...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

‘King of fruits’ mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

‘King of fruits’ mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Smoke billowing out of the house which was targeted by the security forces personnel for...

Smoke billowing out of the house which was targeted by the security forces personnel for...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523