New Delhi, Jan 24: Indian unit of General Motors Corporation (GM Corp), which has two assembly plants in the country, launched a four-wheel drive, automatic transmission Chevrolet Captiva in New Delhi.
According to Karl Slym, the President and Managing Director of GM Corp, the new version brings superlative comfort and ease of driving, combined with unbeatable value; safety, security and luxury to the customers.
He said that despite the global recession, the company registered a growth of 9.5 percent in sales during the year 2008 by clocking sales of 65,702 units, which could be attributed to the growing popularity. "We saw a 10 percent growth in volume last year and saw a growth in market share of close to half a percent. So that was important for us so we can see that the
industry saw a negative growth of minus two percent. We saw a positive obviously which created of our market share," he added.
He also disclosed that GM has plans to launch new alternative fuel models like Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) in India, as fuel economy is the most urgent requirement today in this country.
"As you all know in the market place certain customers are looking for CNG so there is a country where CNG is suitable and certain products we have are more suitable for other CNG and LPG. So we''ll be taking advantage of what makes sense in India and what makes sense for our consumers for various vehicles," he said.
The front wheel drive version of the Chevrolet Captiva was introduced in India in January 2008.
GM has sold 2.385 units last year, making it one of the country''s most popular SUV's in India as of today.
In Delhi, the ex-showroom price tags are 1,862,685 rupees for Chevrolet Captiva LT and 2,030,495 rupees for of Chevrolet Captiva LTZ.