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Rediff.com  » Business » General Motors expects to double sales

General Motors expects to double sales

Source: PTI
October 15, 2003 16:25 IST
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General Motors India expects to double sales of its vehicles to touch 16,000 units by December this year, Aditya Vij, the company's managing director, said in Bangalore on Wednesday.

"We sold about 8,500 units last year, this year we are targeting 16,000 units," Vij told reporters at the launch of the automatic version of its Chevrolet Optra car.

He said the company, which was increasing production capacity to 50,000 units at its plant in Halol near Baroda, planned to sell 11,000 each of its Corsa and Optra vehicles next year.

The Indian car market was expected to touch 2.4 million units by 2011-12, with a combined annual growth rate of 10.5 per cent.

Vij said GM had sold over 2,500 units of Optra since launch in July and expected to sell 5,000 more by December this year.

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