Investors: News

GM India records sales of 9006 vehicles in March 2013

Tue, Apr 2 2013

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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