<p>Gearing up to launch a new multi- purpose vehicle (MPV) - ‘Enjoy’ - US car maker General Motors said it would shortly have 1.10 lakh units annual commissioned capacity at its Halol plant in Gujarat.<br /><br /></p>.<p>At present, GM India’s Halol plant is installed with an annual capacity of 85,000 units, with the company planning to launch new eight seater MPV -Enjoy- from its Shanghai Automotive Industries Corp (SAIC) platform.<br /><br />“Shortly, we would have 1.10 lakh unit commissioned capacity annually at Halol because Enjoy is proposed to be rolled out from this plant in next couple of months,” company’s Vice-President (Corporate Communication) P Balendran told PTI. GM had recently raised its shareholding in an equal joint venture with SAIC to 91 per cent, regaining complete control.<br /><br /> The company has invested over USD 1 billion in India till date, a company statement said.<br />“Halol capacity was short...so it is being expanded. With the inaguration of a press shop at Halol, it is now an integrated manufacturing plant,” Balendran said.<br /><br />The company has phased out its few models like-Chervolet Optra and Aveo.<br />The new sedan will be company’s sixth launch this year.<br /><br />As compared to sales of 1,11,510 units last year, GM sold nearly 78,100 units till October end in India this year.<br /><br />“In Gujarat we had sold 11,500 units last year, and hope to sell 10,000 units by this year end,” Balendran said.<br /><br />“With new launches we expect to sell 4,000 units per month from next year, although the market is sluggish in wake of high interest rate regime,” he said.<br /></p>
<p>Gearing up to launch a new multi- purpose vehicle (MPV) - ‘Enjoy’ - US car maker General Motors said it would shortly have 1.10 lakh units annual commissioned capacity at its Halol plant in Gujarat.<br /><br /></p>.<p>At present, GM India’s Halol plant is installed with an annual capacity of 85,000 units, with the company planning to launch new eight seater MPV -Enjoy- from its Shanghai Automotive Industries Corp (SAIC) platform.<br /><br />“Shortly, we would have 1.10 lakh unit commissioned capacity annually at Halol because Enjoy is proposed to be rolled out from this plant in next couple of months,” company’s Vice-President (Corporate Communication) P Balendran told PTI. GM had recently raised its shareholding in an equal joint venture with SAIC to 91 per cent, regaining complete control.<br /><br /> The company has invested over USD 1 billion in India till date, a company statement said.<br />“Halol capacity was short...so it is being expanded. With the inaguration of a press shop at Halol, it is now an integrated manufacturing plant,” Balendran said.<br /><br />The company has phased out its few models like-Chervolet Optra and Aveo.<br />The new sedan will be company’s sixth launch this year.<br /><br />As compared to sales of 1,11,510 units last year, GM sold nearly 78,100 units till October end in India this year.<br /><br />“In Gujarat we had sold 11,500 units last year, and hope to sell 10,000 units by this year end,” Balendran said.<br /><br />“With new launches we expect to sell 4,000 units per month from next year, although the market is sluggish in wake of high interest rate regime,” he said.<br /></p>