New Delhi, May 19: General Motors India today launched multi-purpose vehicle 'Chevrolet Tavera' to take on competition from 'Qualis' and 'Scorpio' and said it might soon Ink a deal to acquire car assembly unit of Daewoo India. The base model of 'Chevrolet Tavera', which would be available in six variants, has been priced at Rs 5.44 lakh (ex-showroom, Delhi), GMI president and Managing Director Aditya Vij told a news conference here.
The top-end model sports a price tag of Rs 8.45 lakh.
GMI, which would complete the due diligence to acquire the car assembly unit of bankrupt daewoo motors india, hopes to sign a definitive agreement with dmil creditors "soon". "Though we still have some issues to sort out, we are hopeful that we will soon sign a definitive agreement which will enable us to bring mini (compact) cars to India. If at all we are not able to sign the deal, we will explore other avenues...," GM Daewoo Auto and Technology Co president Nick Reilly said.
Asked what could be the other avenues, he said, "The question is hypothetical".
In India, GMI, Suzuki and Fiat could have some synergy in the area of procurement of auto components. Beyond that there was not much scope as Suzuki has about 51 per cent market share in the country, he said.
The company aims to sell 10,000 units of the MUV this year. The 'Chevrolet Tavera', which has been developed with an investment of about Rs 500 crore in 18 months, has 85 per cent local content and the company expects indigenisation to the level of 93 per cent by the end of this year.
Bureau Report