General Motors sold 7,067 vehicles in India during the month of December 2012. The results represent a 21.82 percent decrease compared to December of 2011, when The General sold 9,039 units.
“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,” GM India Vice President P Balendran said.
If the current macro economic uncertainties persist, the market is not expected to turn around in the short term, he added.
“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,” Balendran said.
General Motors markets its Chevrolet line of vehicles in India, including the Spark (aka legacy Daewoo Matiz), Beat (aka new Chevy Spark), Sail, Cruze, Captiva, and Tavera. The division no longer provides a model-by-model breakdown of its sales results, hampering our ability to compile our world-famous model-by-model sales chart.