General Motors India on Wednesday reported a 17.46 percent year-on-year decline in car sales for January, 2012.
The company sold 8,241 vehicles last month as against 9,984 units in the same month last year.
P. Balendran, Vice President, General Motors India, said "The sales were not on the expected lines as the market continues to be sluggish.
"High interest rates, hike in fuel prices, commodity prices, growing inflation, and negative market sentiments continue to put lot of pressure on the automobile market."
"Introduction of best-in-segment cars, increase in customer outreach through distribution network, our unique value proposition like Chevrolet Cashless Ownership offer and our promise to deliver quality and performance are the factors that reiterate our commitment to this market," he said.
