General Motors reported sales of 7,285 units in July 2012 in India. The results represent a decrease of 23.38 percent year-over-year.
The glum turnout is the result of a sluggish economy, high interest rates, high fuel prices, among other things. Perhaps more importantly, the automaker isn’t expecting a recovery any time soon, as Vice President of GM India, Mr. P. Balendran, stated: “With market sentiments continuing to remain depressed, we are not expecting the market to show any improvement before the festival season.”
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