The Hindu Business Line : GMI posts 42% sales growth in Feb

GENERAL Motors India said on Wednesday its sales grew 42 per cent this February while the year-to-date sales were up by over 75 per cent. The company sold 1,859 cars in February as against 1,309 cars in the same month last year. It sold 1,300 units of Chevrolet Tavera last month, 350 of Chevrolet Optra and 207 units of Opel Corsa.

For the first two months of this year, GM sold 4,881 cars, recording 75.2 per cent growth. Mr P. Balendran, Vice President-Corporate Affairs said, "We are ramping up production capacity to 60,000 units at the Halol facility to meet the growing demand for our cars. Once commissioned later this month, we will be able to quickly clear the backlog of popular Chevrolet vehicles like Tavera and Optra. We are also working on several other programmes to make 2005 an eventful year for the company."

GM India is a wholly-owned subsidiary of General Motors Corporation. Besides the Chevrolet Optra, it manufactures the Chevrolet Tavera, Opel Corsa, Opel Corsa Sail and Opel Swing at Halol, Gujarat. GM India also sells the imported Opel Vectra and Chevrolet Forester.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Nagarjuna Construction secures new orders

Tata Steel to seek shareholders' nod for raising funds

Bharat Forge plans to raise $300 m

Chandra Textiles bags safety award

Cut in depreciation rates on certain block of assets

Mastek picks Chennai for second centre

Tata Steel applies for coal block in Bangladesh for steel project

Pala co-op society in pact with UK firm

CIAL firming up plans to venture into new fields

RSP expects to clock Rs 800-cr net this year

Budget focus offers new biz avenues for Jain Irrigation

Eicher Motors exploring options to acquire new tech

Gujarat Ambuja despatches down in Feb 11 pc; ACC up

GMI posts 42% sales growth in Feb

B.M. Bansal joins IOC board