General Motors India today reported 1.3% increase in sales in May, 2011 at 8,329 as compared to the same month last year.
The company had recorded sales of 8,225 units in May last year, General Motors India vice-president P Balendran said.
Commenting on the performance Balendran said: "Given the hike in interest rates, fuel prices, commodity prices, inflation, etc, we expect the market to remain depressed in the coming months as well".
During May, 2011, the company sold 3,023 units of small car Spark, 2,144 units of hatchback Beat, 135 units of premium hatchback UVA, 218 units of entry level sedan Aveo, 240 units of mid-sized sedan Optra and 659 units of luxury sedan Cruze.
The company also sold 1,767 units of multi-purpose vehicle Tavera and 143 units of sports utility vehicle Captiva, Balendran said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app