GM India Sales Decline

General Motors India has reported a 35.95% decline in its domestic sales at 4,041 units in December last year, against 6,309 units in the same month in 2007. The sales comprised 509 units of multi-utility vehicle Chevrolet Tavera, 867 units of sedan and hatchback Chevrolet Aveo and Aveo U-VA, 248 units of the luxury sedan Chevrolet Optra, 2,382 units of its small car Chevrolet Spark and 35 units of Chevrolet Captiva, GM said in a statement.

“Since the market has slowed down completely, we could not meet our target although we have registered a marginal growth this year,” GM India Vice-President P Balendran said. The company expected the market to improve in the coming months because of the various measures taken by the government to stimulate the economy, he added.

For the last calendar year, GMI posted 9.44 per cent growth in sales at 65,702 units, compared with 60,032 units in 2007.