General Motors might have lost its title as the world’s largest auto maker to Toyota, but the American entity’s sales have climbed as much as nine per cent in India in 2008.
Even though, the battered car maker witnessed a 11 per cent decline in total sales last year, the company has reported a higher growth in emerging markets of Brazil, Russia, India and China.
On the other hand, Japanese giant Toyota has surpassed General Motors as the world’s largest auto maker. Going by the latest sales figures, General Motors’ global sales figures stood at 8.36 million last year whereas Toyota managed to sell 8.97 million vehicles during the same period.
Moreover, the battered American firm which recently a lifeline from the Federal government to stay in business, saw its sales of Chevrolet rise nine per cent in India last year. The company witnessed Chevrolet sales shoot up 14 pc in Asia Pacific as compared to the year-ago period.
"Chevrolet sales in Asia Pacific grew 14 percent in 2008 compared with a year ago. Chevrolet sales in China (up 16 percent) and India (up 9 percent) powered much of this growth," the statement noted.