In order to keep pace with the growing demand in the Indian auto industry, Chevrolet has announced to launch 6 new car models within the next 2 years. Of these 6 new models, 4 will be hatchbacks (the driving force behind India’s auto market) while the remaining two will be SUV’s.
When confirmed with Mr Karl Slym, MD, Chevrolet India, confirmed the about their latest announcement and also added that they will be investing approximately $500 million (Rs 2250 crores) in India by 2013.
Last year, Chevrolet crossed the milestone of 1 lakh sales figures. Now their immediate aim is to cross 2 lakh sales by 2012 and 3 lakh by 2013. GM will also want to double their growth figure in India to approximately 12-15% in 2011.
When asked, whether India will get their hybrid or next gen cars, Mr Slym said that as of now there are no such plans. Also the budget 2011 does not offer any significant incentive to hybrid cars, so it will be difficult for hybrid cars to survive in India.
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