RIL is also more profitable than Tata Motors.
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.
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.
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 GM-SAIC tie up follows GM India-Reva collaboration to launch electric vehicles in the market.
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.
Legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
Powerful cars like the Camaro and Corvette might be sold via special boutiques in small numbers.
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.
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.
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.
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.
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.
GM India at present, has two small cars in its portfolio -- the Chevrolet Spark and the Chevrolet Beat, which were launched on Monday.
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
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.
The car will be available in petrol (priced between Rs 444,000 and Rs 558,000) and in diesel, too, (priced between Rs 587,000 and Rs 662,000).
The Beat LPG has been priced at between Rs 4.10 lakh (Rs 410,000) and Rs 4.53 lakh (Rs 453,000) -- ex-showroom Mumbai.
Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.
General Motors India on Wednesday said it was looking at phasing out some of its old models such as the Aveo and the Optra and replace these with new ones.
Maruti Suzuki is offering cash discounts ranging from Rs 5,000 on its hatchback Celerio to Rs 35,000 on entry level Alto800.
Always wondered what hiring managers wished you knew? Vikas Shirodkar, vice- president, Human Resource Development, General Motors, India, spells out the six qualities he always looks for in prospective candidates.
Company officials have maintained that the closure is a routine exercise and is not a fallout of the ongoing global meltdown. "There will be no production at the company's Halol unit for about two weeks," said P Balendran, vice-president, GM India. The company has shut production from December 13 to December 30.
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.
