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.
After the terrorist attack in Pahalgam, Jammu and Kashmir, BJP MP Nishikant Dubey has given a big
Prime Minister Narendra Modi inaugurated the New Bhaupur-New Khurja section of the Eastern Dedica
Hrithik Roshan is in the headlines these days for the film 'Fighter'. This film, released on Janu
There are a lot of expectations from star batsman Sanju Samson in the five-match T20 series betwe
Voting is underway for by-elections to one Lok Sabha and one assembly seat in West Bengal. During
Rafale thundering in the mountains of Himachal at night, preparing to answer to China in Ladakh
The most modern and deadly Rafale fighter jets that have recently arrived in India have started r
Grok Update: X Cracks Down on Content Theft, Users Copying Posts Will Lose Monetization
Elon Musk-owned social media platform X (formerly Twitter) has introduced a major update to its c
Delhi Chief Minister Arvind Kejriwal will go on a three-day tour of Gujarat. Delhi CM will be on
Salman Khan is in the headlines these days. Recently, there was a firing between two accused outs
Gas Cylinder Price Hike: The general public may soon get a shock of inflation. According to infor
