GM expects rise in petrol car sales
Kolkata: US automobile major General Motors (GM) on Wednesday said it is expecting a major rise in sales of petrol-driven Chevrolet Beat and Chevrolet Sail cars following the partial de-regulation of diesel prices. Both car models come in diesel as well as petrol versions.
The company said it has already witnessed a rise in demand for petrol version cars, which had registered a muted sale in 2012, after diesel prices were hiked in January following a central government decision to authorise oil marketing companies to hike the prices of diesel time to time.
Oil companies said they would increase the price of diesel by 40 to 50 paise (half a rupee) a litre every month. "In case of Beat, which has both petrol and diesel versions, demands for petrol cars went down to 14 percent of the total sales last year. Now the contribution of petrol car is growing," Chevrolet Sales India Pvt. Ltd. director (sales) Vikas Jain told reporters here.
Minister of Defence and National Security of the Republic of Maldives, Mohamed Nazim, arrived in India with an aim to strengthen bilateral defence cooperation between the two nations.
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