General Motors India on Monday launched a new premium mid-size car - Chevrolet Optra - as part of the aggressive plans to grow its sales over five-fold to about 50,000 units in the next three years.
Led by strong growth in its luxury sedan Chevrolet Optra, auto major General Motors India on Tuesday reported a 123.5 per cent growth in car sales in June 2004 to 2,418 units from 1,082 units in the same month last year.
The initial public offering (IPO) of auto components maker Hero Motors Ltd was fully subscribed on its first day of bidding, receiving bids for 1.38 times the shares on offer, with strong interest from retail investors.
PAYD suits infrequent drivers who can estimate annual mileage.
Auto major General Motors India is harbouring definite plans to launch a mini car that would be competitively priced and would aim to get a market share of 10 per cent, a top official of the company said on Saturday.
The company said it will inspect and if necessary, replace the clutch pedal lever.
Automotive giant General Motors will make fresh investments in India to expand its Opel product line with a few models lined up for release this year.
General Motors' Saturn Aura won the 'Car of the Year' at the North American International Auto Show this year.
General Motors is on an India overdrive. A mini car, a small car and an SUV
Volkswagen, a long-standing but minor player in India's fiercely competitive automotive sector, is now exploring a strategic partnership with the JSW group, aiming to revitalise its market presence, enhance profitability, and potentially establish India as a key export hub for electric vehicles.
Till now, the company was selling the Beat in petrol and liquefied petroleum gas variants.
General Motors India on Thursday unveiled its new mid-size sedan Opel Vectra in the premium car segment with ex-showroom price of Rs 15.99 lakh (Rs 1.59 million) in Delhi and Rs 16.9 lakh (Rs 1.69 million) in Mumbai.
The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.
US auto major General Motors on Thursday launched its locally-developed engine in India.
Auto makers Tata Motors and General Motors India on Monday announced they will cut prices of their products after Finance Minister P Chidambaram decided to reduce excise on automobiles in the interim Budget 2014-15.
The prices of the company's vehicles start at Rs 2,85,000 for Spark and go up to Rs 24.6 lakh or Rs 2.46 million (ex-showroom Delhi) for the Captiva.
Maruti, Tata Motors and Ford Motor India have already made similar announcements.
The company has purchased 43 per cent stake from its Chinese partner Shanghai Automotive Industry Corporation Group for an undisclosed sum.
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
General Motors India expects to double sales of its vehicles to touch 16,000 units by December this year, Aditya Vij, the company's managing director, said in Bangalore on Wednesday.
The Insurance Regulatory and Development Authority of India (Irdai) has proposed a phased reduction in the expenses of management (EoM) limits for insurers, aiming to lower the overall cost of insurance and enhance returns for policyholders. The proposals also include a new framework for commissions, stricter measures against mis-selling, and mandatory cost audits.
GM India is banking on the growing used car market in the country to bring incremental revenues amidst sagging sales of passenger cars in the aftermath of economic recession. General Motors clocked a sales volume of 65,702 units in the India market in 2008 as against its targeted sales of 85,000-90,000 units. The auto major had not set any sales target for 2009-10 but expected sales to be flat.
The company shipped the first lot of 140 units of its hatchback Chevrolet 'Beat' from the Mumbai port to Chile last Thursday.
The vehicle will compete with Maruti Suzuki India's Ertiga, which is priced between Rs 598,000 and Rs 870,000 (ex-showroom Delhi).
General Motors India on Thursday said its car sales surged by 162.8 per cent in January 2003 to 1,477 units over 562 units in the same month last year.
Orice ranges between Rs 4.41 and Rs 7.64 lakh.
General Motors India launched its new Chevrolet Sail U-Va car on Monday with a target to sell around 2000 cars monthly in Jaipur.
Holding-company discounts and losses at key unlisted ventures could weigh on Tata Sons' IPO valuation, though its diversified portfolio may still command a premium.
General Motors India on Friday said it will hike the prices of its entire range of models by up to Rs 20,000 with effect from October 8 as it looks to minimise the impact of adverse currency movement and high input costs.
TVS Motor Company has emerged as India's largest two-wheeler manufacturer by total sales volume in June 2026, surpassing long-standing leaders Hero MotoCorp and Honda Motorcycle & Scooter India, primarily driven by its strong international business performance.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
India's passenger vehicle (PV) exports saw a 17 per cent year-on-year decline in August, contrasting sharply with a 36.5 per cent surge in domestic dispatches, which reached a record high for the month as automakers prepared for the festive season.
GM India said customers will be able to book the Trailblazer on Amazon.in only from October 21-25, at a reservation deposit of Rs 25,000.
General Motors India on Monday said its car sales soared by 112.6 per cent in August on good demand of the new premium mid-size model Chevrolet Optra.
Air India, SkyDrive, and Suzuki Motor Corporation have signed an initial pact to conduct a joint feasibility study on using electric vertical take-off and landing (eVTOL) aircraft for medical air logistics in India. This collaboration aims to address severe traffic congestion in major Indian cities, which poses challenges for time-critical medical transport, by developing last-mile emergency medical solutions.
General Motors India on Tuesday increased vehicle prices by up to Rs 61,000 in order to partially offset the impact of rising input costs and expiry of reduced excise duty concessions.
