Company to go ahead with the scheduled launches this year
NEW DELHI: General Motors on Friday launched the LPG version of its compact car Chevrolet Spark, the volume driver model in India for the U.S.-based auto major that recently field for bankruptcy protection. The company also said it would go ahead with its scheduled launches for 2009, which includes its new global small car that will hit the market by this year-end.
Priced at Rs.3.52-lakh (ex-showroom, Delhi), the new version of Spark, which can also run on petrol, is fitted with the ‘sequential injection-type’ LPG kit, a technology that is far superior to the venture-type kit now available in the market. It gives better fuel economy and lower running costs.
Unveiling the compact car, GM India President and Managing Director Karl Slym said: “With LPG distribution network expanding fast in India, we hope our green car to do well. We will continue introducing the variance of Spark that targets different groups of customers. This will enable us to achieve our goal of becoming a market leader in India by giving our customers more choice of cars.”
Asserting that GM India operations have remained unaffected despite crisis in the parent company in the U.S., Mr. Slym said the company would roll out more models this year, including a new small car by 2009-end, priced at around Rs. 4 lakh. It would be manufactured exclusively at the company’s Talegaon facility for serving the domestic and as export markets. The company would also introduce a luxury sedan Chevrolet Cruze by September, priced around Rs. 12-14 lakh. Stating that GM India hopes to repeat 10 per cent growth this fiscal too, Mr. Slym said: “As the auto sector is showing signs of recovery, we hope to grow at good pace. Moreover, new models will help us in achieving our sales target.” The company sold 65,702 units in 2008.
Mr. Slym also announced that GM India would be expanding its distribution network to 240 outlets by this year-end from 178 outlets.