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.
Maruti has delivered 1650 cars since the lockdown was relaxed, Hyundai 608
New Delhi
15 days lockdown in entire Rajasthan: Government's decision at midnight when a record 10 thousand cases come in 24 hours; Dairy-grocery shops to open till 5 pm by 3 May
After receiving a record 10,000 patients in 24 hours in Rajasthan, the government has imposed a 15-day lockdown in the entire state at midnight. Till May 3, everything will be closed except essential
Court rejects Togadia's plea to enter Bengaluru
Bengaluru, Feb 6 (IANS) The Karnataka High Court Friday dismissed the interim prayer of Vishwa Hindu Parishad (VHP) leader Pravin Togadia to stay the police ban on his entry into this city to
India's pride returned from ISS, know how Shubhanshu Shukla's 7 tests will prove to be a boon for the Gaganyaan mission
India's astronaut Shubhanshu Shukla has returned to Earth on Tuesday. His crew also returned with him. This mission of Shubhanshu is very important for India. This is because India has prepared to
Nawab Malik VS Sameer Wankhede: Malik said – Wankhede is a puppet of the central government, he will go to jail soon; Wankhede said - Nawab Malik is a liar
The fight between NCB and NCP leader and minister Nawab Malik is getting bigger. Malik, a cabinet minister in the Maharashtra government, on Thursday evening again attacked NCB Chief Sameer Wankhede,
Will Lawrence Bishnoi contest elections now? Who gave him the offer to join politics?
There is not much time left for the Maharashtra Assembly elections. In such a situation, a strange statement of a party has come to the fore. This party has offered gangster Lawrence Vishnoi to
CEC Meeting: Congress will finalize the names of candidates in MP, Rajasthan, and Chhattisgarh, The CEC meeting begins in Delhi.
The Congress Central Election Committee (CEC) meeting has started in Delhi to finalize the remaining candidates for the upcoming Rajasthan Assembly elections and Chhattisgarh and Madhya Pradesh. The
Manisha's last rites were performed after eight days in Bhiwani, and hundreds of people gathered; her younger brother lit the funeral pyre
The Haryana government has decided to hand over the investigation of the death of play school teacher Manisha, resident of Dhani Laxman, to the CBI.
Nikamma: Abhimanyu, Shirley Setia, and Shilpa Shetty starrer film Nikamma ready for release, know when and where you will be able to watch
Sony Pictures Films India and Sabbir Khan Films' much-awaited and much-loved action entertainer film 'Nikamma' have announced the release date. Abhimanyu Dassani, Shirley Setia, Shilpa Shetty, and
Bihar lockdown : complete lockdown in Bihar till May 15, CM Nitish himself gave information
Chief Minister Nitish Kumar (Bihar CM Nitish Kumar) has announced to impose a complete lockdown in Bihar. He informed that the complete lockdown will continue in the state till May 15. Detailed
