"The industry has seen some growth primarily driven by new models; however the overall market sentiment remains sluggish. The market is also worried because of the steady increase in inflation which has lead to a sudden surge in input costs for all manufacturers" said Mr. P. Balendran, Vice President, GM India. "The fear of impending increase in fuel prices, rising interest rates and threat of the global recessionary trend are affecting the growth of the sector." added Mr. Balendran.

GM India's network expansion drive for service centres is going full steam and 117 locations across India have now been covered with state-of-the-art, customer-friendly, quick-response service points. By the end of this year, GM India intends to reach out even better to its valued customers with a total of 125 sales points and 135 service outlets in place across the country.

General Motors India is a wholly owned subsidiary of General Motors Corporation, with a state-of-the-art manufacturing facility in Halol, Gujarat. The company makes the Chevrolet Tavera, Chevrolet Optra, Chevrolet Aveo, Chevrolet Aveo U-VA, Chevrolet Optra SRV and Chevrolet Captiva for the Indian market.