GM unveils Chevrolet Aveo here ahead of US, Europe
GM unveils Chevrolet Aveo here ahead of US, Europe
GENERAL Motors on Saturday launched its mid-sized sedan Chevrolet Aveo in India ahead of its launch in the US and European markets.
The General Motors India president and managing director, Mr Rajeev Chaba, told newspersons that as the Government was expected to announce excise duty reductions on cars during the Union Budget, the announcement of the price of Aveo was being held back till then.
But it is expected that Aveo, with 1.4 lt and 1.6 lt versions, will directly compete with Ford Fiesta, which is priced between Rs 5.5 lakh and Rs 6.7 lakh, and Honda City, which is priced between Rs 6 lakh and Rs 8 lakh.
But with the launch of Aveo, it is likely to be the end of the road for another General Motors’ brand, Corsa, especially the hatchback version, Corsa Sail. The German-made car, which was known for its sturdiness and engineering excellence, sells merely 200 units per month now. General Motors has been giving hefty discounts of late to clear the stock. Mr Chaba said two more cars, Aveo hatchback U-VA, and Optra’s sports model, SRV would be launched during the next four months. This is perhaps the first time, three cars are being launched by a single company in a span of five months, the company’s vice-president for marketing, Mr Ankush Arora, said.
More: thehindubusinessline.com