General Motors India on Wednesday launched three new cars in the Indian markets, including a premium hatchback and said the company was looking to corner a 10 per cent market share by 2010.
The three cars launched by the company are the premium Hatchback, Aveo U-VA, Sedan Aveo and sportsback Optra SRV.
General Motor India president Rajeev Chaba said, "The Chevrolet was among the fastest growing car brands in India and would push up the company's sales on a higher trajectory."
"GM regards India as one of the key markets for investments," he said, adding that the company would be more aggressive in its approach.
GM is also extending capacity at its Halol plant in Gujarat from 60,000 units to 85,000 units with an investment of Rs 100 crore (Rs 1 billion).
The company is also opening two additional parts distribution centre one each in Maharashtra and Delhi to compliment the existing ones at Halol and Chennai.
Refusing to specify the details of the new car he said they would carry engine displacements between 1.4 and 1.8 litres.
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