General Motors' sales decline 36.56 per cent at 3,619 units in December

New Delhi: General Motors India reported a 36.56 per cent decline in sales at 3,619 units in December. It had logged sales of 5,705 units in the same month of 2013.   General Motors India Vice President P Balendran said "Demand continues to remain suppressed on account of high   interest rates and weak economic fundamentals. The withdrawal of excise duty benefits is also a big jolt for the automobile   industry."    

He added: "We don't see any positive movements in the short-term unless the government comes out with some big- ticket announcements in the upcoming budget to revive consumer sentiment."