General Motors offering discounts for its cars

A high range of discounts is offered by General Motors for its cars and the amount will be in the range of Rs12000 – Rs70000. This comes in contrast to the price rise invoked by certain companies, said its VP for corporate affairs. GM is on the verge of reaching the potential customers with this discount spree, he added, quoting the ensuing festival occasions. The company’s target for this FY is 1 lakh from the last year’s 69000, since it has increased the production capacity for delivering the demand. He cleared that Nano’s mass has nothing to do for his company nor the interest rates effected by RBI on loans. Claiming that the interest rate increase would affect the sale in the second half of the FY, he said GM is receiving quite good number of orders now.

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