General Motors India posted a 17.46% YoY decline in sales to 8,241 units in January, 2012. General Motors India in a statement said that the company sold 9,984 units in the same month last year.

Mr P Balendran GM India vice president said that "The sales were not on the expected lines as the market continues to be sluggish. High interest rates, a hike in fuel prices, commodity prices, growing inflation and negative market sentiments continue to put lot of pressure on the automobile market.”

The company sold 1,202 units of small car Spark, 4,440 units of hatchback Beat, 71 units of entry level sedan Aveo, 191 units of mid sized sedan Optra and 553 units of luxury sedan Cruze last month.

The company also sold 1,750 units of multi purpose vehicle Tavera and 34 units of sports utility vehicle Captiva during the month.

(Sourced from ET)