GM India February sales down 20%
Quotes

GM India February sales down 20%

Last Updated: Friday, March 01, 2013, 17:36
 
 Comment 0
 
GM India February sales down 20%
New Delhi: General Motors India on Friday reported 20.17 percent decline in its sales at 7,106 units in February 2013.

The company had sold 8,901 units in the same month of 2012, General Motors India said in a statement.

"Although we have generated the volumes for Chevrolet Sail as expected, the overall numbers inclusive of other models were not on the expected lines as the market continues to remain subdued," GM India Vice President P Balendran said.

With excise duty also going up for certain categories of vehicles, the market is not expected to improve in the coming months also, as the macro economic uncertainties still continue, he added.

"The hike in excise duty for SUVs which is impacting other models as well has further dampened the growth prospects," Balendran said.

PTI



First Published: Friday, March 01, 2013, 17:36


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved