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GM India posts 22% decline in Dec sales
SME News, Wednesday, Jan 02, 2013 14:54:36 PM IST
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NEW DELHI: General Motors India has registered 21.8 per cent decline in sales. While the car maker company had sold 9,039 units in the month of December, 2011, the sales dropped at 7,067 units in December, 2012.
P Balendran, vice president, GM India stated, "Despite offering various schemes on purchase of every car, market continues to remain depressed on account of various negative factors, including high interest rates and poor economic conditions."
Balendran added, in the current economic scenario, the market is unlikely to change in the short term. "The only hope now is on a good Union Budget to address some of the concerns of the industry, combined with the announcement of some positive measures to bolster the economic recovery," he said.
