General Motors India sales decline 32 pc in October

General Motors India today reported 32.87 per cent decline in its sales for October this year at 6,754 units.

The company had sold 10,062 units in October 2011, General Motors India said in a statement.

Commenting on the sales performance, General Motors India Vice President P Balendran said: "The market continues to remain subdued due to high interest rates and other negative market sentiments. The festival season also did not bring any excitement to the market."

He, however, said the company is upbeat about the new Chevrolet Sail to be launched tomorrow and other new launches in the coming months.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus