General Motors is planning to introduce diesel variant of its compact car Beat in India. “We will introduce the diesel variant of Beat soon," General Motors India Vice-President P Balendran said here.
When asked about the demand for this particular variant, he said, “The waiting period for Beat is currently around 30-40 days." He added so one can gauge the demand for this car.
However, he said the company's majority of sales were driven by its popular small car Spark. “Compared to last year sales our growth this year is 113 per cent. We sold 69,579 units of which 30,000 units were Spark models,” he said.
He, however, said that the company would not launch the petrol variant of premium luxury sedan Cruze, saying that demand has exceeded the company’s expectations.
For the same reason the company planned to introduce the diesel variant of Beat in the country. “We are planning to launch it in the first quarter of 2011 (calender year),” he said, declining to elaborate.
Balendran said apart from the diesel version of Beat, the company has already earmarked Rs 5,000 crore for launching five new cars passenger and commercial by next year end.
“We will introduce five new models at an investment of about Rs 5,000 crore. Three would be utility vehicles while two would be passenger cars,” he said.
On exports, Balendran said they are currently exporting to neighbouring countries. “Exports contribute only two per cent of our total sales, which we hope to increase rapidly”. Currently the exports include Spark and Beat models to Nepal, Bhutan, Bangladesh and Sri Lanka. He said the company expects rapid increase in exports over the next two years.