GM India records sales of 7588 vehicles in January 2013

New Delhi: General Motors India has sold 7588 vehicles in the month of January 2013 against 8241 units sold in the corresponding period last year.

Commenting on the January sales, Mr. P. Balendran, Vice President, General Motors India said, “The market continues to remain depressed for the automobile sector because of various negative factors including high interest rates and poor economic conditions. Passenger car segment in January this year is down by 13% compared to January 2012.” “If the current macro economic uncertainties continue, the market is not expected to turn around in the short-term. Although there is a positive direction with a small interest cut by the RBI, the market is expected to improve only in the 2nd quarter that too if we get a growth-oriented budget,” Mr. Balendran added.

About General Motors India:

General Motors India has completed 16 years of operation in India. It started its journey in 1996 and now offers products under the Chevrolet brand, which was introduced in India in 2003. Founded in Detroit in 1911, Chevrolet celebrated its centennial as a global automotive brand in November 2011. Last year, about 4.76 million Chevrolets were sold in more than 140 countries, or one every 6.65 seconds. Chevrolet, one of the fastest growing automotive nameplates in India, provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. With a wide range of product portfolio including Chevrolet Spark, Chevrolet Beat, Chevrolet Sail U-VA, Chevrolet Captiva, Chevrolet Cruze and Chevrolet Tavera for sale in India, GM India operates state-of-the-art manufacturing facilities in Halol, Gujarat and in Talegaon, Maharashtra. More information regarding Chevrolet models can be found at www.chevrolet.co.in