GM declined to put a timeframe on when the electric small car would hit the Indian market.
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 GM-SAIC tie up follows GM India-Reva collaboration to launch electric vehicles in the market.
Global auto giant, General Motors Daewoo has sued a Chinese car-maker for allegedly copying the design of Matiz, one of its small car and is demanding a compensation of nearly $10 million.
General Motors aims to grab at least 5 per cent market share in India within the next decade.
The vehicle would be the electric version of General Motors' small car 'Spark'. Reva would provide battery technology for the E-Spark.
General Motors' Rick Wagoner on Monday said he has stepped aside as the chief executive officer of the company after US White House officials asked him to leave the ailing auto maker.
The company also said the falling sales of General Motors India, the wholly-owned subsidiary of the US firm, were mainly because of customers' perception on the months-long uncertainty over the future of GM, which finally filed for bankruptcy protection in a New York Court on Monday.
General Motors sees a profitable, if risky, path in gaining Chrysler's revenues and slashing costs.
The Chevrolet Aveo is available in the Indian market with a starting price of Rs 597,000.
The judge overseeing GM's Chapter 11 case has set Friday as the deadline for objections to its restructuring plan. The report noted that GM and its advisers are confident that none of the roughly 500 objections submitted so far would derail the timetable, under which the court is due to consider the sale of most of its assets to a new entity on June 30.
Ford Motors, one of the big three in the US auto industry, is planning to increase its market share at a time when its rivals -- GM and Chrysler -- are tackling bankruptcy and restructuring procedures.
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.
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.
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.
Green vehicle set to hit Indian roads next year.
The company has been struggling to keep its sales momentum in the domestic market due to a slump in demand.
In its first major marketing campaign since emerging from bankruptcy, GM is putting its new chairman Edward E Whitacre Jr in the spotlight as the spokesman for the offer to give customers a full refund within 60 days on any GM car or truck, The New York Times said.
Toyota is being cautious with the technology, but GM is full-speed-ahead for a 2010 launch of its Volt. To the victor will go the spoils.
Talks between Piaggio Vehicles, the Indian subsidiary of Piaggio & C.s.p.a of Italy, and General Motors for engine sourcing fell through.
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.
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 1,14,000 affected vehicles will be repaired free of charge at GMI's 280 dealers, the company said.
The version is GM India's first clean-burning liquefied natural gas car in India, built at company's plant at Talegaon in Maharashtra.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
Floods in Gujarat caused a Rs 30 crore (Rs 300 million) loss to General Motors India and the company said it expected sales performance to be hit, for the second consecutive month, in July.\n\n
Bondholders would initially get a 10 per cent stake, along with warrants for 15 per cent. Citing people familiar with the matter, the newspaper said, 'Bondholders with slightly more than 50 per cent of GM's $27.2 billion in bond debt agreed to support the plan.' GM had offered the bondholders the opportunity to take a larger stake in the company after they had overwhelmingly rejected a previous exchange offer.
The company shipped the first lot of 140 units of its hatchback Chevrolet 'Beat' from the Mumbai port to Chile last Thursday.
Around 625 workers have been fasting since Monday; no disruption of production at the plant
Till now, the company was selling the Beat in petrol and liquefied petroleum gas variants.
"We are pleased to join hands with Reva to bring affordable small car platform-based electric vehicles to the market in line with government objectives to reduce fossil fuel dependence," General Motors India, the Indian subsidiary of GM, President and MD Karl Slym told reporters in New Delhi.
General Motors India had completed all investments intended for the country well before its parent's bankruptcy filing, said Karl Slym, president & MD.
Hindustan Motors, owned by C K Birla group, has concluded an arrangement to supply engine and gearbox to General Motors' sports utility vehicles, which are yet to hit the Indian roads.
GM India presently sources engines for its products from its other global plants. Apart from multi-utility vehicle Tavera, which is 97 per cent localised, the company's other products run on sourced engines. The company is in talks with more than one state governments to set up the proposed plant, but has not zeroed down on one particular location as yet.
The US-based auto maker told the government an internal probe had revealed the company had violated testing targets
General Motors India on Wednesday launched three new cars in the Indian markets
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