Tuesday, December 1, 2009

GM India November sales up 65 percent

The Indian arm of the US-based auto giant General Motors has reported a 65 percent jump in its November sales as compared to the corresponding month last year.

General Motors India sold 7,118 units last month as against 4,307 units in November 2008, the company said in a regulatory statement.

The auto industry saw a slowdown last year due to the global financial crisis, but the stimulus packages announced by the government helped the sector return to growth.

The November sales include 4,202 units of the Chevrolet Spark, 1,264 units of Chevrolet Tavera and 524 units of Aveo U-Va, the company said in a statement Tuesday.

It also sold 412 Aveo models, 518 units of Chevrolet Cruze, 114 units of Chevrolet Optra and 84 Chevrolet Captivas.

On month-on-month basis, the November sales dipped a marginal 3.97 percent from 7,413 units sold in October this year.

The company said it would appoint more dealers and authorised service outlets in urban, semi-urban and other cities to widen its network.

It has also entered into financing arrangements with some public and private sector banks to offer low EMI (equated monthly instalment) schemes to its customers.
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