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General Motors sales dip 21 per cent in June

General Motors sales dip 21 per cent in June

Snapshot: The company registered total sales of 5,172 units in the month of June 2014.

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General Motors India have reported a 21.33 per cent decline in total sales for the month of June at 5,172 units. The company had sold a total of 6,575 units in the same month last year.The total sales of 5,172 units include, 1,776 units of the Chevrolet Beat, 1,249 units of the Tavera and 987 units of the Chevrolet Enjoy MPV. 

General Motors India vice president P Balendran said, “Customer sentiment continues to remain negative even with price reduction on account of the continuation of the excise duty cuts till the end of this year.” Going by the market scenario, the company expects the challenging times to continue as the general economic conditions have not improved. 

“The buoyancy in the market is still missing and we don’t see any sustained market upturn till the new government presents a growth-oriented budget to boost the overall economy Unless structural bottlenecks ease and economic fundamentals improve, the market is unlikely to turnaround in the short term.” Balendran further added. 

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