General Motors India is aiming to increase sales three-fold over the next three years, with the five new models it is planning to launch in collaboration with Shanghai Automotive Industry Corporation.
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
General Motors India on Tuesday said sales touched a record 3,207 units in September, the highest in a month since its inception and a growth of 60.2 per cent over 2,001 units sold in the same month last year.\n\n
General Motors India is expanding its manufacturing capacity to produce 50,000 vehicles by 2005.
The production and concept vehicles which are to be displayed include the company's hybrid sedan Chevrolet Volt, sports-car Chevrolet Camaro, sports utility vehicle Captiva Extreme, electric version of its small car Spark, CNG version of Chevrolet Aveo and its race car WTCC Cruze.
General Motors India on Wednesday launched two variants of its mid-size car Opel Corsa.\n\n\n\n
Today, GMI has a brand new car factory, an existing one that runs on three shifts to produce 65,000 cars, two new small cars, a successful utility vehicle. . . looks like GMI is getting serious about India.
Auto major General Motors India on Friday launched its premium hatchback car, the 1.2 litre petrol Chevrolet Aveo U-VA at Rs 3.99 lakh (ex-showroom Delhi).
Rick Wagoner, chairman and chief executive officer, General Motors, spoke to Business Standard on the Indian market.
The multi-seater vehicle currently runs on BSIII engines.
Spark will be targeted to cut a major slice of the growing small segment pie.
The company, which is also looking to strengthen its position in the sports utility segment, today launched the automatic transmission four-wheel drive version of its popular sports utility vehicle Captiva, priced at Rs 20.3 lakhs (Rs 2.03 million). He said the company will be launching an LPG-driven car in the first half of this year, without specifying details, adding it would be followed by other LPG vehicles.
The new model is available in petrol as well as LPG. The highest model in petrol costs Rs 381,000 and in LPG Rs 410,000.
The company also plans to launch luxury sedan Chevrolet Cruze in September and a mini car by the end of this year. Earlier this week, the company had said its India operations will remain unaffected despite its parent filing for bankruptcy protection, but it is currently facing difficulties in raising funds for completing its engine manufacturing plant at Talegaon in Maharashtra.
Within five months of its launch, General Motor India on Tuesday rolled out a 1.6-litre model of its premium mid-size sedan Chevrolet Optra as part of strategy to double sales to 30,000 units next year.
The company will launch six new vehicles -- a pick-up van, multi-seater van, hatchback, notchback, sports utility vehicle and multi-purpose vehicle.
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.
Talks between the management and workers on strike have so far failed to yield any result and even the threat to terminate jobs have not made the nearly 200 agitating employees return to duty.
The company, which plans to launch three light commercial vehicles from the stable of its Chinese partner Shanghai Automotive Industry Corporation during the same time period, also said it has lined up to introduce 14 new variants of its existing car models.
Tesla's Model 3 sedan, scheduled to roll out later this year, will be critical to founder Elon Musk's ambitions to transform his company from a niche car-maker into a mass-market manufacturer.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
General Motors Corp, the world's largest automaker, said on Thursday it will launch two new cars in India next year to help boost its share of a market forecast to be one of the world's fastest growing this decade.\n\n\n\n\n\n
General Motors India said on Wednesday that its vehicle sales rose by 41 per cent in May due to a surge in demand for the mid-size Opel Corsa.
GM, which sold 9.29 million cars in 2012, was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008.
A number of companies, including Maruti Suzuki, Renault and Nissan, are giving gold coins to buyers who book cars by the month-end. There are other benefits as well, reports Ajay Modi.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Some of facelifts in India will include cars from highly prominent car makers.
"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.
In a chat with Sohini Das, GM India president and managing director Karl Slym says, with the launch of the new compact car, Beat, and a positive response to the Cruze, GM plans to cross the 100,000-unit mark this year in sales.
Chevrolet Beat Activ Concept debuts a new design language for GM India
General Motors India on Wednesday reduced its car prices by Rs 24,800-Rs 43,000 following the eight per cent cut in excise duty in the 2003-04 Budget.
Powerful cars like the Camaro and Corvette might be sold via special boutiques in small numbers.
Chevrolet's India strategy for 2007 doesn't end with the Spark.
General Motors has said that it will launch a second small car in India in the next two years as it looks at emerging markets to make up for sluggish sales in the US. A late entrant in the country's small car market, GM sells the Chevrolet Spark at around Rs 300,000.
The compact sleek car with no grille features a roof that is a panoramic pane of glass from front to back.
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