GM has said it expects India to be among the top five markets globally for its brand Chevrolet in the next five years as it introduces newer products in the country.
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“India, with its robust economy, is one of the fastest growing markets for automobiles. Going forward, India can be one of the top five Chevrolet markets globally in the next five years,” GM Vice-President (Global Sales, Services and Market) Jonathan Browning told reporters.
The Press Trust of India noted that the company sold around 65,000 units in 2008, with the Chevrolet Spark accounting for 31,600 units.
Speaking about the company’s performance in the country in 2008, Browning said: “At a time when the auto industry in India has contracted by 2.2 per cent, we have recorded a growth of 9.4 per cent in 2008 selling over 65,000 units.”
General Motors India President and Managing Director Karl Slym said the company clocked 9.4 per cent sales growth in 2008 and it expects to maintain the same in current year also.
“We have fixed the target of one billion dollar sourcing from the country by 2010 and it is well on track,” Slym said.
Echoing recent remarks made by BMW’s sales head Ian Robertson – reported on just-auto – Browning said that the stimulus packages announced by the various governments, if implemented, are expected to give a boost to the industry in the second half of the current year in Asia.
“It seems that the second half of the current year would be better than the first half for the auto industry in Asian market particularly,” he said.
