General Motors India on Thursday posted 4.32 per cent decline in sales at 8,901 units in February. The company had sold 9,303 units in the same month of 2010, General Motors India said in a statement.
On slashing down prices, P Balendran, vice-president GM India, said the firm which had been offering discounts ranging from Rs 20,00 to Rs 50,000 across the range, besides a discount of Rs 3,000 to Rs 5,000 to government and PSUs during the festival season would continue it (discount) till the end of this month.
Automobile manufacturer General Motors on Wednesday cut the price of its vehicles by up to Rs 30,500, following the government reducing excise duty.
General Motors India on Wednesday said its sales grew 42 per cent in February 2005 and announced that expansion of its Halol plant would be completed later this month.
GM president and managing director Lowell C Paddock said the company is bullish on passenger vehicles with some commercial applications and is open to opportunities in the space.
After a six-week tussle, the strike at General Motors India's Halol factory, 35 km from Vadodara, has finally been called off, with the workers and management reaching an understanding.
The Chevrolet Aveo is available in the Indian market with a starting price of Rs 597,000.
Workers resorted to strike at the Halol facility in Gujarat that has an installed capacity of 85,000 units a year.
Contrary to the General Motors India's expectations of starting work at its beleaguered Halol plant from Monday, the deadlock over wage revision seems far from over.
This is GM's first flexi engine plant where both petrol and diesel small car engines would be manufactured together, General Motors India, vice president, P Balendran, told reporters in Kochi.
Company officials have maintained that the closure is a routine exercise and is not a fallout of the ongoing global meltdown. "There will be no production at the company's Halol unit for about two weeks," said P Balendran, vice-president, GM India. The company has shut production from December 13 to December 30.
The vehicle would be the electric version of General Motors' small car 'Spark'. Reva would provide battery technology for the E-Spark.
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.
The recall will affect 2,910 units of the sedan version of Sail and 1,090 units of compact car variant of the model.
Production was halted at the Halol plant of General Motors in Gujarat because of heavy rains, a senior company official said on Thursday.
The company currently sells various vehicle brands in the country ranging from hatchback Spark to sports utility vehicle Captiva, priced between Rs 333,000 and Rs 25.71 lakh (Rs 2.57 million), respectivley, (ex-showroom Delhi).
General Motors India on Tuesday reported a 74 per cent sales growth to 1,401 units in April 2004 over 805 units in the same month last year and said it would bring in more 'Chevrolet' models.
General Motors Corp. plans to source $1 billion worth of automobile parts from India each year by 2008 as part of cost-cutting measure at the world's biggest automaker, a senior executive at its local subsidiary said Friday.
"Beat with a one-litre diesel engine will also be coming in June this year," General Motors India Vice-President P Balendran said after unveiling the LPG variant of the compact car here.
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 company had identified some emission-related issue with Tavera and some quality issue with Sail.
General Motors India on Friday said it will double production from its Talegaon facility from March onwards, four months ahead of schedule, to meet increased demand in the market, and will also hire 800 people in the next seven to eight months.
General Motors India on Tuesday introduced a new version of its multi-utility vehicle Chevrolet Tavera, the Elite range even as the company prepares to rev up capacity at its Halol plant to meet rising demands.
General Motors India on Wednesday launched a special edition version of premium mid-size car Chevrolet Optra to strengthen its position in the entry-level luxury segment.
General Motors India is expanding its manufacturing capacity to produce 50,000 vehicles by 2005.
General Motors India on Wednesday said it would hike the prices of its multi-utility vehicle Chevrolet Tavera ranging from Rs 4,800 to Rs 8,700 across all variants from December 24.
R Balendran, director and vice-president, corporate affairs, General Motors India, said on Wednesday that the company might bring in the SUV as either a completely built unit or a completely knocked down unit.
Maruti recorded 20 per cent jump in sales during November.
The electric version of General Motors India's small car Spark will hit the Indian road in the next 12 months, said its vice president P Balendran.
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
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