The rise of China and India as car consuming countries and fall of major US automakers last year are candid reflections of the restructuring of the global auto industry, a Congressional report has said.
General Motors India on Tuesday said sales touched a record 3,207 units in September, the highest in a month since its inception and a growth of 60.2 per cent over 2,001 units sold in the same month last year.\n\n
Tata Motors is stripped off India's most valuable company tag.
General Motors India said on Friday that its car sales surged by 192.7 per cent in July 2003 to 1,935 units from 661 units a year earlier.
General Motors India on Tuesday said its car sales soared by 77.3 per cent in June 2003 on the back of a surge in demand for the mid-size car, Opel Corsa.
General Motors India said on Wednesday that its vehicle sales rose by 41 per cent in May due to a surge in demand for the mid-size Opel Corsa.
General Motors India on Wednesday reduced its car prices by Rs 24,800-Rs 43,000 following the eight per cent cut in excise duty in the 2003-04 Budget.
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
US car maker General Motors on Monday launched its luxury sedan Chevrolet Cruze in India at an introductory price ranging from Rs 10.99 lakh (Rs 1.09 million) to Rs 12.45 lakh or Rs 1.24 million (ex-showroom, Delhi).
American car makers are know for it but Indian manufacturers are soon catching up with the trend.
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
The RBI on Thursday lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, the first reduction since May 2013.
Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.
The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.
Asked if it is looking at the Maruti 800 and the Chevrolet Spark segment, Nigel E Wark, executive director, marketing, sales and service, Ford India, said: "Yes, we will be launching the small car in this segment broadly, but there are sub-segments and this is where we will differentiate ourselves. We will be competing in the largest volume segment. India and China are the two markets where small cars are in huge demand and we will be focusing on these countries."
Any unexpected expense can disturb the finely-balanced budget of middle-class individual. That's when a motor insurance policy comes as a saviour
Displaying 'ARMY' on private transport is an attempt to milk the respect and reverence that the common citizen has for a person in the armed forces, observes Colonel K Thammayya Udupa (retd). By writing 'ARMY' and displaying regimental insignias, we expect a few misdemeanours to be overlooked.
Jagdish Khattar, Maruti Suzuki's managing director, talks about the need for small cars, global players expanding in India, and why his company will prosper.
The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent. While the S&P BSE Auto Index has not performed poorly, registering gains of 73 per cent, it still trails the company by 800 basis points (bps) during this period. There are multiple reasons why investors are beating a path to M&M's counter.
The company wants to exploit the space further as the online medium is the most cost-efficient advertising option compared to print and television.
Chevrolet Beat Activ Concept debuts a new design language for GM India
There was no sale of premium sedan Kizashi during the month.
Indian automakers dispatched nearly 2.92 lakh passenger vehicles, the highest ever for February so far, driven by strong demand for cars and utility vehicles, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers last month increased 11 per cent to 2,91,928 units from 2,62,984 units in February 2022. Passenger car sales rose to 1,42,201 units in February against 1,33,572 units in the year-ago period.
The regulator has made it mandatory for insurers to have a minimum percentage of motor third-party business underwritten.
The Korean company has sold over 1.36 million cars and has exported 535,000 units.
Japanese auto major Nissan recently appointed Takayuki Ishida as managing director of its Indian subsidiary Nissan Motor India Private Limited (NMIPL).
My candidate for the best general of the last century hailed from a little, poor colonised Asian nation whose impact on world affairs rarely amounted to much, notes Shankar Acharya.
Auto major Mahindra & Mahindra on Friday said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1, partly to offset higher input costs and depreciation of rupee against the dollar.
'The government never asked any transport association before making this law on hit and run cases.' 'MPs only clapped to Amit Shah's new law and never questioned him about this law.' 'Are these MPs not bothered about the lives of drivers?'
Stung by its indifferent show in India, the Detroit giant is overhauling the entire line-up of cars.
The major highlight of this New BS IV model will be the 2.0L 4-cylinder TCDI diesel engine.
Talks between Piaggio Vehicles, the Indian subsidiary of Piaggio & C.s.p.a of Italy, and General Motors for engine sourcing fell through.
The components would cater to GM facilities worldwide, said Karl Slym, president and managing director, GM India.
The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21.
Undeterred by global credit freeze, India maintains a bullish outlook on attracting foreign direct investment which may be governed by easier rules, a top government official said.
'The plan is to secure nod of the Union Cabinet and other relevant regulatory approvals within the next three months,' a senior finance ministry official said, requesting anonymity.
What worked for Hyundai in India when so many other auto manufacturers have had to eat humble pie? Pavan Lall finds out.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
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