General Motors have recorded higher sales in passenger car sales in the month of May. It has reported a 6.57 percent jump in its sales at 5789 units against the 5432 units last year in the same month.
"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," says General Motors India Vice-President, P Balendran.
The company sold 1667 units of its MUV Chevrolet Tavera, 1214 units of sedan and hatchback Chevrolet Aveo and U-VA, 383 units of Optra 2250 units of Spark and 275 units of Captiva.
The company has massive expansion plans lined up in for the coming years. However, on-going credit crisis, escalating gas prices and rising input costs have added to its worries.
