Investors: Sales

GM India registers 40% sales growth in May 2013

Tue, Jun 4 2013

General Motors India has sold 8500 vehicles in the month of May 2013, registering a growth of 40% against 6079 units sold in the corresponding period last year. These included 2851 units of Chevrolet Sail, 2177 units of Chevrolet Enjoy, 1506 units of Chevrolet Beat and 1475 units of Chevrolet Tavera.

Commenting on the performance, Mr. P. Balendran, Vice President, General Motors India, said, "We were able to register the 40% growth only because of the good response to our newly launched vehicles - Chevrolet SAIL and Chevrolet Enjoy. The economic activities have almost come to a standstill and the market remains completely depressed due to negative sentiments and other structural bottlenecks. There is no show-room traffic and the enquiry levels have bottomed out despite introducing innovative marketing schemes. With no indication of a visible growth signal in the offing, we do not expect the market to pick up even in the coming months. Probably a good monsoon can bring in some cheers to the market.”
 
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 Chevrolet cars and trucks alonein 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.

 



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