General Motors India has sold 9006 vehicles in the month of March 2013 against 10,588 units sold in the corresponding period last year.
Commenting on the sales, Mr. P. Balendran, Vice President, General Motors India, said, "Despite offering various schemes, the show-room traffic has come down drastically and enquiry conversions are also not taking place. The market sentiment continues to remain subdued due to poor economic conditions and various other factors including high interest rates, high fuel prices and political uncertainties. We are not expecting any improvement in the short term but there can be some movement during the festival season which is also possible only if the interest rate comes down and economic situation improves in the coming months," Mr. Balendran added.
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