The Indian unit of US based auto giant General Motors, which had registered a high growth of 60 percent in last calendar year, has set a lower growth target of 30% for the calendar year 2011. The lower growth target has been set in the view of fewer fresh launches planned for this year and higher base of last year.
In a recent statement given to Business line, Mr. Karl Slym, President and Managing Director, GM India said, “Last year had been very good for us because of good sales of new launches like the Chevy Beat, Cruze and also the Captiva and Spark doing well. We expect to double the industry growth this year at 25-30 per cent. We will launch a new Captiva besides a BS IV version of the Tavera.”
It is to be mentioned here that company will not be rolling out any new product in the Indian market in year 2011, as most new products are scheduled to be introduced in the first quarter of next year. The company will largely be introducing the new variants of the existing model this year around such as Chevrolet Beat Diesel, and upgraded version of sports utility vehicle Chevrolet Captiva and Tavera.
