General Motors India sales dropped 7.92 percent in January 2013 to 7,588 units, compared to 8,241 during January of 2012, according to the automaker.
The sales performance continues to be affected by the depressed auto industry due to negative factors such as high interest rates and poor economic conditions in the country. In fact, sales in India’s passenger car segment in January was down 13 percent on an annual basis — so GM India seems to be outperforming the market. At that, GM says that unless the macroeconomic climate improves, sales are not expected to turn around in the short term.
General Motors offers the Chevrolet brand in India, with vehicles such as the Spark (Daewoo Matiz), Beat (new Spark), Sail, Cruze, Captiva, and Tavera.
The GM Authority Take
As is the case in Europe, it would seem that GM’s performance in India is at the behest of adverse economic conditions — which must be frustrating as all heck to The General and its management. At least GM isn’t facing significant overcapacity issues in India…