General Motors India aspires to financially break even within four years. The company started its operation in India nearly 17 years ago.
While commenting on this, Anil Mehrotra, chief financial officer of GM India, said, "Our operations in the country are not profitable at the moment. We hope to break even in two to four years time.”
During the launch of Sail sedan, he said that in 2011, General Motors India’s sales figure crossed one-lakh mark but in 2012 the company has sold 94,000 units only. He added, "We are planning a good growth in the current year. We expect to grow between 40 per cent to 50 per cent with the launch of SAIL sedan and multi-purpose vehicle Chevrolet Enjoy (to be launched in three months)."
The Sail sedan which is the jointly developed by SAIC (Shanghai Automotive Industry Corporation) of China and GM India would initially be manufactured with a capacity of 48,000 units per annum. In China, 41,000 units of the car were sold per month.
Vikas Jain, director (sales) of GM India said, "The SAIL sedan car has a potential sales volume of 40,000 units per month in India.”