General Motors India sales decline 32% in October

General Motors India today reported 32.87% decline in its sales for October this year at 6,754 units.

The company had sold 10,062 units in October 2011, General Motors India said in a statement.

Commenting on the sales performance, General Motors India Vice President P Balendran said: "The market continues to remain subdued due to high interest rates and other negative market sentiments. The festival season also did not bring any excitement to the market."

He, however, said the company is upbeat about the new Chevrolet Sail to be launched tomorrow and other new launches in the coming months.