GM Blames Fuel Prices For Poor Feb Performance

Published: Friday, March 2, 2012, 12:40 [IST]

General Motors India has posted a negative sales report for the month of February. The American carmaker has said it sold 8,901 vehicle in February 2012 marking a 4 per cent decline in comparison with last February.

GM India had sold 9,303 vehicles I February 2011. The company in its statement has blamed the sluggish car market along with high interest rates and fuel prices for its sales decline.

Speaking on behalf of GM India, its vice president P Balendran said: “The sales were not on the expected lines as the market continues to be sluggish. High interest rates, hike in fuel prices, commodity prices, growing inflation and negative market sentiments continue to put a lot of pressure on the automobile market.”

General Motors has one brand in India – Chevrolet. The Chevrolet Beat continues to be its best selling model thanks to its diesel variant. Beat's total sales for February stood at 4,684 units. The Tavera MUV has emerge as Chevrolet's second best selling model with 1,964 sales. The Spark small car can only boast of 1,328 sales.

The Aveo sedan has posted 90 sales, Optra has registered 273 sales while the Cruze premium sedan has got 537 sales. The Captiva SUV has managed just 25 sales for the month of February.

So How Did Maruti Suzuki Fare In February? Click On NEXT