Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

General Motors India sales decline 32 pc in October

Nov 01 2012, 19:09 IST
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SummaryThe company had sold 10,062 units in October 2011.

General Motors India today reported 32.87 per cent decline in its sales for October this year at 6,754 units.

The company had sold 10,062 units in October 2011, General Motors India said in a statement.

Commenting on the sales performance, General Motors India Vice President P Balendran said: "The market continues to remain subdued due to high interest rates and other negative market sentiments. The festival season also did not bring any excitement to the market."

He, however, said the company is upbeat about the new Chevrolet Sail to be launched tomorrow and other new launches in the coming months.

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