Chevrolet dealers delivered a total of 4,157 vehicles during November 2014 in India, including 150 units exported to Chile. The results represent a 33 percent decrease compared to the 6,214 units sold during November 2013.
“Even though the lower fuel prices are encouraging, the interest rates remain sticky and inflation continues to be high. The outlook remains grim and it is very unlikely that passenger cars will post positive growth this fiscal under the current economic conditions,” said Paramu Balendran of GM India communications.
Despite various efforts and promotions drum up sales , GM expects the difficult sales environment to continue into the future unless consumer sentiment is in some way ameliorated.
“Discounts are at their peak and sales of diesel vehicles are tapering off as the price differential between the two fuels is dropping sharply. Going by the market scenario, we expect the challenging times to continue till some major announcements take place in the budget to improve customer sentiments,” added Mr. Balendran.