Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
GM has also exited from four other international markets, including Russia and Europe.
In more than one way, it's a setback for the DMK and Chief Minister Stalin in political terms. The electoral fall-out, if any, will have to wait until the next summer, only when assembly elections are due in the state, explains N Sathiya Moorthy.
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.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
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.
RIL is also more profitable than Tata Motors.
Health insurance premium growth has slowed after touching record highs during the Covid-19 pandemic due to tapering demand from retail consumers amid affordability issues. According to General Insurance Council data, health insurance premiums grew by 10.44 per cent year-on-year (Y-o-Y) in the Apr-Jan period of FY25 in comparison with 20.79 per cent in the year-ago period. It was around 23.57 per cent in FY23, and 25.89 per cent in FY22.
Kudankulam will house the largest nuclear power plants in India and the flagship project of Russian-Indian technological and energy cooperation.
With the domestic auto market going on a downhill slide, Tata Motors and Maruti Suzuki have cut production as the automobile industry braces up for a single digit sales growth this fiscal.
Segment has been rather sluggish due to high fuel and input costs coupled with high interest rates and negative market sentiments.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Senior officials with the multinational car manufacturer say there is a need to improve the brand perception and are revising an earlier after-sales package to spruce it up.
The GM-SAIC tie up follows GM India-Reva collaboration to launch electric vehicles in the market.
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
Powerful cars like the Camaro and Corvette might be sold via special boutiques in small numbers.
Tata Motors is actively considering tapping into some of the export markets beyond South Asia, for its range of electric vehicles (EVs) as it sees an opportunity of selling affordable EVs in markets outside India. The export plans will coincide with the commercial launch of the Curvve - an electric SUV concept that broke cover on Wednesday, in two years from now, Shailesh Chandra, MD, Tata Motors PVs and Electric Mobility, told Business Standard. "We are actively thinking of the international markets and we would like to go with a portfolio of products. "We have identified a few markets and in a couple of years, we should commence the same," said Chandra.
The car has a more powerful engine compared to its competitors and give a mileage of 18kmpl.
Contrary to expectations that car sales dip in December, auto majors Maruti Suzuki and Hyundai Motor India are poised to grow 30 per cent in sales (the two companies control 72 per cent of the domestic market). General Motors is looking at 70-80 per cent increase in sales.
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
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.
Legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
The version is GM India's first clean-burning liquefied natural gas car in India, built at company's plant at Talegaon in Maharashtra.
Karl Slym was affable, gregarious and always motivated. Even in moments of crisis, Slym's sense of humour remained intact.
Multi-purpose vehicle segment has seen some serious activity in the past one 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.
The engine of this car is now Bharat Stage IV compliant.
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.
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.
GM India at present, has two small cars in its portfolio -- the Chevrolet Spark and the Chevrolet Beat, which were launched on Monday.
The company has been struggling to keep its sales momentum in the domestic market due to a slump in demand.
Workers resorted to strike at the Halol facility in Gujarat that has an installed capacity of 85,000 units a year.
Carmakers usually come up with such year-end announcements.
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.
