Investors: International Sales

GM India records 14 per cent sales growth in October 2013

Fri, Nov 1 2013

General Motors India has sold 7,715 vehicles in the month of October 2013 against 6,754 units sold in the corresponding period last year, recording a growth of 14 per cent. These include 2,679 units of Beat, 1,965 units of Chevrolet Enjoy and 1,837 units of Chevrolet Sail.

Commenting on the sales, Mr. P. Balendran, Vice President, GM India said, “The marginal sales rebound seen last month is on account of the festival season combined with the emerging demand for new entries. Discounts are at its peak and sales of diesel vehicles are tapering off as the price differential between the two fuels is dropping sharply.” Going by the market scenario, we expect the challenging times to continue as the general economic conditions have not improved. The buoyancy in the market is completely missing and we don’t see any sustained market upturn before a new government assumes office after general elections,” he added.

About Chevrolet:
Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4.5 million Chevrolet cars and trucks alone in a year. The Chevrolet brand was introduced in India in 2003 and is now one of the fastest-growing automotive nameplates in the country. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design and high quality. The Chevrolet portfolio in India includes the Spark, Beat, Chevrolet SAIL, SAIL U-VA, Cruze, Tavera, Chevrolet Enjoy and Captiva. More information regarding Chevrolet models can be found at www.chevrolet.co.in