General Motors sets the next year’s target as 50%.Despite the bankruptcy announcement paralysing the sales, the US car manufacturer General Motors is setting its own target of 50% growth in the ensuing year. The growth is anticipated from the mini car segment- Spark 800cc engine- to be launched this year end, said the company’s Indian subsidiary President and MD. The sale in last year was 65702 units which is expected to increase by 10% this year, possibly 75000 units with already 42000 being sold.
This June the US apex company underwent the bankruptcy for which the US government extended a rescue arm and this affected the sales in India. In India some 20 lakh units are to be sold this year which may double in next two years, out of which small cars will constitute 80%. GM, with its to models Spark and Aveo U-VA in small car range, is still far behind Maruti Suzuki, Hyundai and Tata Motors.