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.
Pakistan Tehreek-e-Insaf (PTI), the party of former Pakistan Prime Minister Imran Khan, has been
At present, the war between Russia and Ukraine does not seem to end. Meanwhile, Russia on Wednesd
Finance Minister Nirmala Sitharaman has invited global investors to be a part of India's growth s
Jats in Rajasthan shocked by SC judgement
Jaipur, March 17 (IANS) Jat leaders in Rajasthan expressed shock on Tuesday after the Supreme C
Deadpool 3: First look from 'Deadpool 3' surfaced, Ryan Reynolds and Hugh Jackman's cool avatar
Hollywood stars Ryan Reynolds and Hugh Jackman on Monday unveiled the first look at their upcomin
For the last 20 days, a new wave of corona has been seen in India. The number of infection cases
Former Law Minister Ashwini Kumar reacted to the Supreme Court's interim order regarding the Waqf
Recovery of IEDs averts major tragedy in Kashmir
Srinagar, Feb 22 (IANS) A timely detection of three improvised explosive devices (IEDs) and oth
Twitter-Musk Deal: 'Gadde' expelled from Twitter had to apologize, Trump's account was banned
As soon as the world's richest man Elon Musk took over the reins of Twitter, micro-blogging site
The administration has taken strict action after the incident that took place at New Delhi Railwa
