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Tuesday, May 21st 12:32 PM IST

GM sees August sales 17 percent, hopes for good festive season

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Maruti's August retail sales up but good times unlikely to last

New Delhi: General Motors India today reported a 17 per cent decline in its sales for August at 7,510 units.

The company had sold 9,050 units in August 2011, General Motors India said in a statement.

The Amercian carmaker hopes to see better sales in the festival season. Reuters

The company sold 530 units of small car Spark, 4,226 units of hatchback Beat, 139 units of entry-level sedan Aveo and 337 units of luxury sedan Cruze last month.

It also sold 2,217 units of multi-purpose vehicle Tavera during the month. The company did not share the sales numbers of its two models Optra and Captiva.

Commenting on the sales drop, General Motors India Vice President P Balendran said, “The sales are not on the expected lines as the market continues to remain sluggish due to high interest rates, increase in fuel prices, negative market sentiment and various other factors”.

However, the company expects the market to show some improvement closer to the festive season, he added.

PTI

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- Maruti's August retail sales up but good times unlikely to last
Sep 1, 2012

Maruti’s retail sales are up but lower dispatches to retailers indicate that the car company may in for rougher times ahead.
#CompanyWatch #Manesar plant #Maruti #Sales

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