General Motors India registers 7% sales growth in May ~ Auto Guru India - Junction of News, Auto Reviews, Advice

Jun 3, 2008

General Motors India registers 7% sales growth in May

New Delhi: General Motors India registered a growth of 7 % in sales in the month of May 2008 as compared to the corresponding period last year. It sold 5789 units in May 2008 as against 5432 units in May last year. The May 2008 sales comprise of 1667 units of Chevrolet Tavera, 1214 units of Chevrolet Aveo, 383 units of Chevrolet Optra, 2250 units of Chevrolet Spark and 275 units of Chevrolet Captiva.

“The industry has seen some growth primarily driven by new models; however the overall market sentiment remains sluggish. The market is also worried because of the steady increase in inflation which has lead to a sudden surge in input costs for all manufacturers” said Mr. P. Balendran, Vice President, GM India. “The fear of impending increase in fuel prices, rising interest rates and threat of the global recessionary trend are affecting the growth of the sector.” added Mr. Balendran.

GM India’s network expansion drive for service centres is going full steam and 117 locations across India have now been covered with state-of-the-art, customer-friendly, quick-response service points. By the end of this year, GM India intends to reach out even better to its valued customers with a total of 125 sales points and 135 service outlets in place across the country.

General Motors India is a wholly owned subsidiary of General Motors Corporation, with a state-of-the-art manufacturing facility in Halol, Gujarat. The company makes the Chevrolet Tavera, Chevrolet Optra, Chevrolet Aveo, Chevrolet Aveo U-VA, Chevrolet Optra SRV and Chevrolet Captiva for the Indian market.

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