GM India car sales decline by 21 percent in April 2012

GM India car sales decline by 21 percent in April 2012

General Motors India car sales for the month of April 2012 stood at 8,005 units as compared to 10,050 units sold in the month of April 2011. The April sales comprised of 4586 units of Chevrolet Beat, 1953 units of Chevrolet Tavera, 821 units of Chevrolet Spark, 455 units of Chevrolet Cruze, 140 units of Chevrolet Aveo, 28 units of Chevrolet Optra and 22 units of Chevrolet Captiva.

In April 2011 GM India sold 3,889 Chevrolet Spark, 2,447 Chevrolet Beat, 157 Chevrolet UVA premium hatchback, 162 units of Chevrolet Aveo sedan, 376 units of Chevrolet Optra mid-sized sedan, 939 units Chevrolet Cruze luxury sedan and remaining units of Tavera MUV.

Commenting on the performance, Mr. P. Balendran, Vice President, General Motors India, said “The sales were not on the expected lines as uncertainty in fuel prices, hike in excise duty, and hike in local taxes in some states continue to put a lot of pressure on the automobile market. Also, a lot of purchases were advanced by customers in February and March fearing duty hikes in the Union Budget. With the RBI going for CRR cut to improve market liquidity and reducing repo rates by 50 basis points, we expect the market to improve in the coming months.”

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 Captiva, Chevrolet Optra, Chevrolet Cruze, Chevrolet Aveo, Chevrolet Aveo U-VA, Chevrolet Spark, Chevrolet Beat 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

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