GM India Oct sales rise marginally

Nov 01 2011, 16:45 IST
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SummaryGeneral Motors India reported a marginal increase in its sales in October at 10,062 units.

General Motors India today reported a marginal increase in its sales in October at 10,062 units as compared to the same month last year.

The company had recorded sales of 10,051 units in the corresponding month last year, General Motors India said in a statement.

During last month, the company sold 1,797 units of small car Spark, 5,328 units of hatchback Beat, 182 units of entry level sedan Aveo, 236 units of mid-sized sedan Optra and 732 units of luxury sedan Cruze.

The company also sold 1,687 units of multi-purpose vehicle Tavera, and 100 units of sports utility vehicle Captiva during the month.

GM India Vice-President P Balendran said the company has been able to grow sales despite the sluggish market on the back of its hatchback Beat diesel.

"We have been able to sustain the growth primarily due to the good sales of Chevrolet Beat Diesel which continues to be in good demand. We are planning to ramp up production of Beat Diesel to meet the growing demand for the product in the coming months," he said.

Other vehicles like Cruze and Tavera have also generated volumes on the expected lines, he added.

Commenting on the market, Balendran said: "The market continues to remain sluggish due to unprecedented hikes in interest rates, fuel prices, commodity prices, growing inflation and negative market sentiments. These factors are putting lot of pressure on the automobile market."

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