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GM India January sales down 17%

Last Updated: Wednesday, February 1, 2012 - 18:01


New Delhi: General Motors India Wednesday posted a 17.46 percent year-on-year decline in sales to 8,241 units in January, 2012.
     
The company sold 9,984 units in the same month last year, General Motors India said in a statement.
     
"The sales were not on the expected lines as the market continues to be sluggish. High interest rates, a hike in fuel prices, commodity prices, growing inflation and negative market sentiments continue to put lot of pressure on the automobile market," GM India Vice-President P Balendran said.
     
The company sold 1,202 units of small car Spark, 4,440 units of hatchback Beat, 71 units of entry-level sedan Aveo, 191 units of mid-sized sedan Optra and 553 units of luxury sedan Cruze last month.
     
The company also sold 1,750 units of multi-purpose vehicle Tavera and 34 units of sports utility vehicle Captiva during the month.

PTI

First Published: Wednesday, February 1, 2012 - 18:01
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