New Delhi: General Motors India has sold a total of 4,157 vehicles in November 2014 against 6,214 units sold in the corresponding period last year. The numbers also include 150 units of exports to Chile.
“Even though the lower fuel prices are encouraging, the interest rates remain sticky and inflation continues to be high. The outlook remains grim and it is very unlikely that passenger cars will post positive growth this fiscal under the current economic conditions,” said P. Balendran, Vice President, General Motors India.
“Discounts are at their 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 till some major announcements take place in the budget to improve customer sentiments,” added Mr. Balendran.
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