Calcutta, March 28 :
Daewoo Motors India (DMIL) has set an ambitious turnover target of Rs 3,100 crore for 2000-01 in what is a sharp increase over the current year's projection of Rs 1,300 crore.
DMIL, the loss-making Indian subsidiary of Daewoo Motors of Korea, expects to break even next year by selling 90,000 cars compared with 40,000 in the current financial year. The company's Surajpur plant in Uttar Pradesh operated at less than 50 per cent of its capacity till February but has now started running two work-shifts to increase production. Daewoo deputy managing director Byung-Soh Min said monthly production of cars will be raised to 7,200 from July from 4,500 at present.
The Korean giant, which has invested over Rs 4000 crore in its Indian arm, hopes its popular small car, Matiz, will fuel set the pace for the turnover increase.