Chevrolet India aiming for market share of 10% by 2010
From its current market share of less around 4%, General Motors India (GMI) wants to go up to a market share of 10% by 2010. 'Despite the sluggish growth of the Indian automotive industry at 6-6.5% due to the economic downturn, we are looking at growth of 20% this calendar year, with sales of about 80,000 units,' says P Balendran, Director and Vice-president (Corporate Affairs), GMI.
'By the end of this year, GMI will have around 195 sales points and service outlets each, up from the present 145 sales points and 148 service outlets,' said Balendran. Also, as we first reported back in June this year, GMI is working on the development of CNG- and LPG-powered variants of some of its cars.
'We are looking at CNG and LPG vehicles for India and are closely working with our regional partners in Thailand [for CNG] and Korea [for LPG] in this connection,' says Ravi Desai, Director - Vehicles Integration, GMI. Desai added that GMI is also working on its biodiesel programme and has bought 80 hectares of land in Gujarat for Jatropha cultivation.
[Via: indiaautomotive]