GM Daewoo Auto & Technology said on Tuesday that sales fell 2.5% to 37,162 units in March from a year earlier while exports slipped 5.3% year on year to 23,260 units last month, Reuters reported.

The car maker gave no reason for the decline in sales and exports, the news agency added.

Reuters noted that GM and partners acquired a majority stake in ailing Daewoo Motor last year and plan to produce around 400,000 cars this year, up around a third from 2002.