Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 334,537 units in May 2023.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata
Production was halted at the Halol plant of General Motors in Gujarat because of heavy rains, a senior company official said on Thursday.
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.
Tata Motors' 2022-23 (FY23) January-March quarter (fourth quarter, or Q4) results were better than Street estimates, with strong showing across Jaguar Land Rover (JLR), as well as commercial and passenger vehicle businesses in the domestic market. The company posted its highest consolidated top line and operating profit, with growth of 35 per cent and 46.5 per cent, respectively, over the year-ago quarter. While the top line was aided by a 49 per cent growth in the JLR unit, all key segments reported margin expansion.
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
GM India has last week announced plans for launching four new models in the Indian markets in 2010. "The new mini-car will be in the market by January next year and we will produce more than 40,000 units in the first year. Of this, we will export 20 per cent overseas, including to the European and the Asia-Pacific markets," GM India president and managing director Karl Slym told reporters on the sidelines of the SIAM annual convention in New Delhi.
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.
India will display its military prowess and cultural heritage at the 76th Republic Day celebrations on Kartavya Path in New Delhi. The parade will feature 16 tableaux from states and Union Territories, 15 from central ministries, and a tri-services tableau showcasing the spirit of "jointness" among the armed forces. The event will also include a flypast featuring 40 IAF aircraft and three Indian Coast Guard Dornier aircraft, as well as a display of cutting-edge defense platforms including BrahMos, Pinaka and Akash.
The Spark will be available for Rs 2.79 lakh (ex-showroom Delhi) compared with its usual price of Rs 3.32 lakh. Hyundai Motor India (HMIL) will offer a discount of up to Rs 40,000 across various models till the end of next month aiming to cash in on the festive season.
Hyundai Motor India and General Motors have announced cuts in prices of their small cars, following the finance minister's announcement of excise duty reduction on small cars
Honk Kong Stock Exchange-listed Great Wall Motor explores sites at Sanand & Halol.
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'.
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
US auto major Ford Motor Co will shut its two manufacturing plants in India and will sell only imported vehicles in the country as part of a restructuring exercise, according to people aware of the development. The company, which invested about USD 2.5 billion at its Chennai (Tamil Nadu) and Sanand (Gujarat) plants, will stop selling vehicles such as the EcoSport, Figo and Aspire which are produced from these plants. Going ahead, it would only sell imported vehicles like Mustang in the country.
General Motors India aims to double its production to 50,000 units even as it expects to clock sales of 20,000 units of all models during this calendar year.
Your plans to bring home a dream vehicle may just have become a little more distant, with automobile manufacturers considering price increases to offset the impact of higher excise duty levied in the Union Budget.
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.
As part of the new Central Motor Vehicle Rules, the government is framing a mandatory recall policy entailing penalties.
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
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
The vehicles affected by the recall are manufactured between September 2011 and July 2014.
The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.
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 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.
The car is powered by a 1-litre petrol engine.
Fuel price hike will impact demand going forward.
GM has also exited from four other international markets, including Russia and Europe.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
Soros, 94, in the recent past has spoken openly against Prime Minister Narendra Modi. The ruling BJP believe that he tried to interfere in Indian elections.
RIL is also more profitable than Tata Motors.
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