Car Auto Online | India: Ford, GM and Honda Sales Drops In April 2011 - Interest rates rose and prices of cars has a negative impact on the balance sheet of the manufacturer. The Indian subsidiary of General Motors, Ford and Honda Motor posted sales drops in the month of April 2011. Auto experts estimate that this would signal a difficult year for the entire automotive industry.
General Motors India registered a 5.19 percent drop in sales in April 2011, to 10,050 over the same month last year. In April 2011, the company sold 3889 units of small car Spark, 2447 Beat hatchback units, 157 units of premium hatch UVA, 162 units of Aveo entry-level sedan, 376 units of mid-size sedan Optra and 939 units Cruze sedan.
Honda Siel Cars India reported 43.76 per cent decline in sales is 2012 units in April compared with 3,578 units sold during the same month a year ago. Sales in April of 1542 consisted of units of its flagship sedan of the city, 112 units of the Jazz hatchback, 253 units of premium sedan Civic, 83 units of luxury sedan Accord and 22 units of its SUV CR-V, the company said in a statement.
U.S. automaker Ford's Indian subsidiary Ford India has reported a slight decline of 2.5 percent of sales in April to 7319 units. The company recorded sales of 7,509 units in the same month last year. But the company was encouraged to see their new world festival to receive a response after it opened recently.
India: Ford, GM and Honda Sales Drops In April 2011