GM plans price war with Optra

 With a cheaper version of the Optra, the company is hoping to grab a piece of the lower C segment (Rs 6.5-7.8 lakh) along with Honda City and Hyundai Accent. GM executives, however, declined to reveal the price of the stripped down Optra.

 The manual transmission Optra is priced at Rs 8.24-8.9 lakh and competes with the Skoda Octavia and the Toyota Corolla in the C plus segment. It has captured a 26 per cent share in the C plus market since its debut in July.

 Till now, 2,600 cars have been sold. The company expects to sell 5,000 cars by the end of December and 12,000 in the first year. It is also preparing to double production at its Halol plant in Gujarat from 25,000 cars per annum to 50,000.

 The company was producing 12,000 cars per annum till May this year, but later raised it to 25,000 by working two shifts.