GM India registers sales of 4,157 vehicles in November 2014

GM India registers has sold 4,157 vehicles in the month of November 2014.

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.

About Chevrolet:
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 alone in 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