General Motors records 12 per cent growth in sales

Chennai, Nov 1 (UNI) General Motors India has registered a 12 per cent growth in sales in October 2006 as compared to the same period last year.

It sold 3153 units in October as against 2829 units during the corresponding period last year. The October sales comprised 2011 units of Chevrolet Tavera, 902 units of Chevrolet Aveo and 240 units of Chevrolet Optra, a company release here said.

GM India Sales during the January to October 2006 period were 30686 units as compared to 26371 units during the same period last year, registering a growth of over 16 per cent.

P Balendran, Vice President, General Motors India, said, "The sales figure for all our carlines have been very encouraging during the month of October 2006. We have maintained our pace during the festive season and have been able to meet our expected volume levels." Gearing up for a major ramp up, General Motors India's Halol facility in Gujarat was undergoing an expansion drive to enhance its capacity to 85,000 units by the end of this year to cater to the increased market demand for Chevrolet brand of vehicles, the release said.

As already reported, GM India has announced the setting up of their new manufacturing facility at Talegaon in Maharashtra with an initial annual production capacity of 140,000 vehicles. The plant is expected to be completed within 20 months, with start of production scheduled for the third quarter of 2008, the release added.

UNI WS KVV 1740