General Motors India has sold a total 4,263 vehicles in October 2014 against 7,715 units sold in the corresponding period last year. The numbers also include 160 units of exports to Chile.
In the domestic market, the company sold 1,238 units of Chevrolet SAILs, 1,160 units of Beat and 1,070 units of Tavera during the month.
“Even though the lower fuel prices are encouraging, the market is not showing any movement apart from new entries. Even the festival season did not bring the expected momentum in the market. The turnaround of the automobile sector is still not visible in the short-term,” said P. Balendran, Vice President, General Motors India.
“Industry needs the lower excise duty benefits to be extended till budget and beyond with additional stimulus package in the next budget to boost the overall manufacturing sector, create additional employment opportunities and improve its contribution to GDP,” added Mr. Balendran.
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