Investors: News

GM India registers 2.4 % sales growth in April 2013

Thu, May 2 2013

General Motors India has sold 8196 vehicles in the month of April 2013, registering growth of 2.4% against 8005 units sold in the corresponding period last year. These included 3436 units of Chevrolet Sail, 1986 units of Chevrolet Beat and 1571 units of Chevrolet Tavera.

Commenting on the sales, Mr. P. Balendran, Vice President, General Motors India, said, “We have recorded marginal growing in sales on the back of good response for the Chevrolet Sail in April 2013. However, the market continues to remain subdued due to high interest rates, high fuel prices and weak economic sentiment. The market is expected to pick up only when RBI reduces interest rates during mid-term policy review or so. Despite offering various attractive schemes, showroom footfalls and inquiry conversion rates remain low,” Mr. Balendran added.

About General Motors India:
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 cars and trucks a year. The Chevrolet brand was introduced in India in 2003 and is 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 Captiva, Cruze, Sail, Sail U-Va, Spark, Beat and Tavera. More information regarding Chevrolet models can be found at www.chevrolet.co.in.