General Motors India, the 100 per cent subsidiary of the world's largest vehicle manufacturer, has achieved break-even and become a profitable company, a top company official said on Monday.
General Motors India, the wholly-owned subsidiary of General Motors Corporation, on Friday announced expansion of production capacity of its Halol facility to 60,000 units per annum.
Hopes to launch full-size SUV MG Gloster by Diwali 2020, and have four products in the market in one-and-a-half years of its operations in India.
GM India said it has already sent individual letters.
Karl Slym was affable, gregarious and always motivated. Even in moments of crisis, Slym's sense of humour remained intact.
General Motors India on Tuesday reported a 58 per cent rise in sales in April at 2,214 units, fuelled by healthy demand for its multi-utility vehicle 'Chevrolet Tavera'.
General Motors India on Wednesday said sales jumped 119 per cent in October 2004 to 2,752 units over 1258 units in the same month last year, largely due to the increased sales of multi-utility vehicle 'Chevrolet Tavera'. \n\n\n\n
As part of the new Central Motor Vehicle Rules, the government is framing a mandatory recall policy entailing penalties.
Makers of cars and bikes posted missed results for August amid high inflation rate hike worries.
General Motors, the world's largest carmaker, has said it would set up an R&D centre in Bangalore, the first outside the United States, with an investment of $21 million.
General Motors on Saturday celebrated the relaunch of its Chevrolet brand with the United States Ambassador David Mulford assuring that the American market will be open to Indian goods.
The new financial year started on a mixed note for car makers.
Segment has been rather sluggish due to high fuel and input costs coupled with high interest rates and negative market sentiments.
General Motors Co said on Tuesday Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker.
On Nooyi, who is now in her 10th year as CEO, Fortune said, she "shows no signs of slowing down"
General Motors India said on Thursday that it would raise prices in January to meet rising input costs and new emission norms coming into force from 2005.
MNC auto firms that sold cars below cost, at a loss, thereby paying lower excise duty are prime targets.
General Motors India is in talks with the creditors Daewoo Motors India to acquire the car assembly unit of the failed carmaker and has set a timeframe to clinch the deal.
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
The list comprises three completely new car models and two upgraded versions of its existing cars.
General Motors, the world's largest automaker, said it would buy South Korea-based Daewoo Motors' assembly unit in India for an undisclosed price.
The move marks the entry of GWM, one of the largest manufacturers of sport utility vehicles (SUVs) and pick-ups, into the Indian market and a complete exit for GM from the country, two years after it stopped selling cars here.
What was being hailed as innovation in Indian industry not so long ago was nothing but cutting corners and skipping processes.
The 1,14,000 affected vehicles will be repaired free of charge at GMI's 280 dealers, the company said.
Global auto companies are investing huge money to build infrastructure in the country despite the slowdown.
Hit hard by rupee depreciation, automobile companies including Toyota and General Motors, are keeping options open to increase prices of their vehicles.
Multi-purpose vehicle segment has seen some serious activity in the past one year.
Trump has roped in Army Corps of Engineers to build hospitals all over the country, activated the ready reserve components of the Armed Forces and invoked the Defense Production Act to compel General Motors to accept, perform and prioritise federal contracts for ventilators.
The Indian subsidiary of General Motors is set to register 75 per cent sales growth in the calendar year 2003, and has plans to invest Rs 180 crore.
The petrol and diesel base variants of Enjoy are priced Rs 49,000 and Rs 70,000 cheaper than the Ertiga.
The major highlight of this New BS IV model will be the 2.0L 4-cylinder TCDI diesel engine.
The General Motors Building in New York is marked by buyers' curses.
Move to be aimed at reducing subsidies on the fuel.
Honk Kong Stock Exchange-listed Great Wall Motor explores sites at Sanand & Halol.
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