Chevrolet India — Chevrolet beat engine problem

Address:	Dharwad, Karnataka, 580022
Website:	www.chevrolet.co.in

Chevrolet beat 2011 nov jus run 55000 km has engine oil and smoke coming out from oil lube(oil level checking gauze). i visited hubli showroom and they said it needs engine overhauling at 1.2 lakhs. what kind of engine is this?
plz help me. my car reg no ka25 z 2680. my warranty is over. ther is smoke and oil oozing out of the oil lube. i have already cahnged turbo once.