Chennai, Jan 1 (IANS) General Motors India Thursday said it closed last month selling 2,086 units lesser then what it sold in Dec 2013.
In a statement issued, the company said it sold 3,619 vehicles in Dec 2014 against 5,705 units sold in corresponding period last year.
"Demand continues to remain suppressed on account of high interest rates and weak economic fundamentals. The withdrawal of excise duty benefits is also a big jolt for the automobile industry," P. Balendran, vice president was quoted in the statement.
"We don't see any positive movements in the short-term unless the government comes out with some big-ticket announcements in the upcoming budget to revive consumer sentiment," he added.
Modi congratulates Indian women's hockey team
New Delhi, March 16 (IANS) Prime Minister Narendra Modi on Monday congratulated the Indian women's hockey on winning the Hockey World League (HWL) Round 2 championship."Congratulations to the
Forex Reserves Decline: India's foreign exchange reserves are decreasing continuously, know why this is a cause for concern?
According to the latest data from the Reserve Bank of India, India's foreign exchange reserves have come down from $ 8.062 billion in the week ended July 8 to a 15-month low of $ 580.252 billion. The
Video: The train arrived nine hours late, and people clapped and danced.
The lateness of railways is quite common in the country. It is very common for the passengers to be late for two to three hours of the train, but when the train is running late for nine hours, it is
Pakistan: For the first time in Pakistan, people on the road even against the army, know what Imran Khan will do next after the attack
After the attack on the former Prime Minister of Pakistan Imran Khan, there is a ruckus in the whole country. Imran Khan's supporters have started arson and vandalism in different cities. Workers of
Amit Shah ended the 50-year-old border dispute between Assam and Meghalaya
The governments of Assam and Meghalaya on Tuesday signed a historic agreement in the national capital Delhi to settle their 50-year-old border dispute. The agreement was signed by the Chief Ministers
Chemical attack on girl students in Iran: Hundreds were poisoned to prevent them from studying, mothers protested, pulled them by hair, arrested
Some videos of Iran are going viral on social media. In these, police are seen arresting women by pulling their hair. It is being told that these are the mothers of the girls who are currently
How ready is Bihar; Parties, leaders who say it, but half the population is confused about whether to vote or see family safety
Election dates were announced and at the same time, the electoral stir in Bihar intensified. All parties have entered into a round of breathtaking claims on their behalf. But, what half the population
Another blow to Arvind Kejriwal from the court in 24 hours, this demand of Delhi CM was also rejected
Arvind Kejriwal, lodged in Tihar Jail, has received another blow from the court. Delhi's Rouse Avenue Court rejected Chief Minister Kejriwal's plea in which he had sought additional time to meet his
Russia Ukraine Conflict: Russia is ready to negotiate with Ukraine - Putin
The war between Russia and Ukraine continues unabated. Russia is continuously attacking Ukraine. At the same time, President Vladimir Putin has claimed that Russia is ready for talks to end the war in
Best Camera Phones: These are the top 5 camera phones with 108MP, priced under Rs. 20,000
Top 5 Camera Phones: The camera has now become the basis of the popularity of any smartphone. Only phones with good cameras are more popular among users. If a lens with more megapixels is present in
