Bangalore, Nov 9 : General Motors India today said its latest release Sail U-VA hatchback has evoked good response and the company had sold 200 cars within four days of its launch. GM India Vice-President V Balendran told reporters after launching the hatchback in the city that bookings have happened and the company had recorded over 10,000 inquiries.
'The response is overwhelming,' he claimed. The mid-priced car which comes both in petrol and diesel versions. they are priced between Rs 4.52 lakh and Rs 5.68 lakh for different petrol vaients and the ex-showorum price for disel versions ranges from Rs 5.97 and Rs 6.74 lakh, in Bangalore. However, GM's competitor Maruti Suzuki, which recently released its latest compact Alto 800, had received 10,000 bookings even before the car was showcased.'
The market is sluggish but still we have to bring out new models to the market to keep the customer interestrs. Last fiscal we sold 1.11 lakh cars of all models when the market grew between 2 to 4 per cent. This year growth is expected to be as little as one two 2 per cent,' Mr Balendran said. High interest rates have been the biggest roadblock for the car makers currently and the main controbutor to the negative market, he said.
He said the 'Made in India' Sail U-VA is built on a new global small passenger car platform created especially for fast-growing emerging markets including India. 'Enginers at the GM Technical centre in the city had worked for nearly two years adapting the platform for India to ensure that it would meet the requirements of the Indian market and country's car buyers,' he added.