The General Motors is aiming for more than double market share in India compare to present market by 2010.
According to Mr. P. Balendran, Director and Vice-president (Corporate Affairs), General Motors, "By 2010, the company is planning to hold on to the market share of 10 percent from the current overall market share of about four per cent."
The Indian auto industry is experiencing a slow growth at the rate of 6-6.5 percent due to the economic depression. The company is expecting a growth of 20 percent this calendar year with a sale of about 80,000 units. Talking about the small car segment, Mr. Balendran clarified saying that at present the company has no plans of entering the Nano segment, however, work on other small cars for India is on.
The General Motors India will also increase its dealership and service outlets to nearly 195 from the present 145 sales points and 148 service outlets across the country.