GM loses no.1 crown to Toyota, but continues to do well in emerging markets

General Motors, which saw an 11% decline in its total sales worldwide in 2008 and which has now lost the ‘no.1 car maker’ position to Toyota, actually witnessed a 9% increase in sales in the Indian market last year.

Even as its US operations struggle to survive, GM is doing reasonably well in countries like Brazil, Russia, India and China. In 2008, GM’s sales increased by 10% in Brazil, by 30% in Russia, by 9% in India and by 6% in China. That was still not enough, though, to stop GM from sliding to the no.2 position – the company sold 8.36 million vehicles worldwide in 2008, while Toyota managed to sell 8.97 million vehicles during the same period.

In the meanwhile, General Motors India (GMI) has a few new car launches lined up for this year, including a brand-new small hatchback and the Chevrolet Cruze, a sedan that’ll compete in the Toyota Corolla Altis / Honda Civic segment.

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