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General Motors India today reported 27.32% decline in July sales at 4,726 units as against 6,503 units sold in the same month of last year.
The July 2014 sales include 1,563 units of Beat, 1,222 units of Tavera and 812 units of Chevrolet Enjoy, the company said in a statement.
General Motors India Vice President P Balendran said: "The buoyancy in the market is still missing because of high interest rates and high fuel prices. An insufficient monsoon is also affecting sales of small cars in rural areas and tier II cities."
He further said: "Overall, going by the market scenario, we expect the challenging times to continue till the festival season as the general economic conditions have not improved.
