General Motors India sales down in Dec

Posted on 3rd Jan 2015 06:30 pm by ram kishor

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.

Other news

Covid 19: Corona hit again on education, this state closed schools till July 24

Corona cases are increasing once again across the country. From the very beginning, the education

Corona's new guideline: 7 days isolation instead of 14 for patients without or mild symptoms, necessary oxygen saturation also 93% instead of 94%

Corona patients with no symptoms or mild symptoms will now have to remain isolated or quarantined

Congress: 'Until you change your stance...'; Muralidharan takes a dig at Tharoor's recent statement

Senior Congress leader K. Muralidharan on Sunday once again targeted his party leader Shashi Thar

Purification Drive of Electoral Rolls from March 1

New Delhi, Feb 15 (IANS) The Election Commission will start "authentication and purification dr

Agent Trailer: In the explosive trailer of 'Agent' released, Akhil Akkineni was seen doing dangerous action

Akhil Akkineni, the younger son of South Superstar Nagarjuna and brother of Naga Chaitanya, is in

Delhi Weather News Update: With strong winds, there may be rain in Delhi-NCR today

The heat continues to rise in Delhi-NCR amid seasonal fluctuations and cold is just a guest in th

Wayanad Landslide: A 40-day-old girl and six-year-old son kept struggling with the disaster with their mother, were rescued safely

The landslide in Wayanad took hundreds of lives. In the accident, a 40-day-old girl and her six-y

World Cup: England elect to bowl against Australia

Melbourne, Feb 14 (IANS) England captain Eoin Morgan won

Rohini Court Firing: An AK-47 was fired in Delhi's Rohini Court, there was a stir on the premises

Once again a case of firing has come to the fore in the Rohini Court in outer Delhi. Here the inf

Train Accident: Loco pilot of the Coromandel train was conscious after the accident, and knows how are other employees

The horrific train accident in Odisha and the death of 275 people in it shocked the entire countr