General Motor India Private Limited (GMIPL), a subsidiary of the American multinational automotive major General Motors, has witnessed a huge 20.17 per cent drop in sales recorded during February 2013 in the domestic passenger car market. As per reports, the company sold a total of 7,106 units last month under its Chevrolet brand on Indian turf. Further, General Motors India had managed sales of 8,901 units in the year ago period in the country. The announcement came through a monthly sales statement for February 2013, which was revealed by the American auto major.
Commenting on the eye-popping drop in sales figures in the country, P. Balendran, Vice President (VP), General Motors India, was quoted as saying, “Although we have generated the volumes for Chevrolet Sail as expected, the overall numbers inclusive of other models were not on the expected lines as the market continues to remain subdued.” The American auto major had launched its entry level Sail sedan for Indian car enthusiasts in early February '13, and will be hoping that the model helps in commanding a decent market share this year.
Balendran has also affirmed that the 2013-14 Union Budget is not what the Indian auto market needed at the moment. According to him, the latest increase in excise duty slab on Sports Utility Vehicles (SUVs) and luxury models will not allow the auto sector to grow easily in the coming months. The macro economic fluctuations are still rampant in the country and needs to be carefully handled, so as to ensure a communal growth in all sectors of the economy. Balendran further added, “The hike in excise duty for SUVs which is impacting other models as well has further dampened the growth prospects.”