ICICI Lombard General Insurance on Thursday said it has started offering zero depreciation add-on cover and consumable items add-on cover for motor insurance products.
Global auto giant, General Motors Daewoo has sued a Chinese car-maker for allegedly copying the design of Matiz, one of its small car and is demanding a compensation of nearly $10 million.
General Motors India, the wholly-owned subsidiary of General Motors Corporation, on Friday announced expansion of production capacity of its Halol facility to 60,000 units per annum.
General Motors India on Friday said it would be hiking the price of its multi-purpose vehicle 'Tavera' and premium sedan 'Optra' by 1-2 per cent and will invest Rs 100 crore (Rs 1 billion) to hike the capacity at its Halol plant to 80,000 units.
General Motors, the world's largest carmaker, has said it would set up an R&D centre in Bangalore, the first outside the United States, with an investment of $21 million.
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.
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
Seven manufacturers together post a 15% decli#8800 M&M, Ford and Honda buck trend.
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.
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'.
The multi-seater vehicle currently runs on BSIII engines.
Slym, 51, died after falling from a high floor of the hotel in Yannawa district, Bangkok.
General Motors India said on Thursday that it would raise prices in January to meet rising input costs and new emission norms coming into force from 2005.
Block closure planned keeping in mind the weak demand of commercial vehicles.
George Acland from Great Britain ran a coffee plantation in Sri Lanka and set up India's first jute mill in 1855. He raised capital and imported the machinery for the mill on the banks of the Hooghly in West Bengal. His company wasn't a great success, but his pioneering work paved the way for India to dominate the jute industry.
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.
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.
Bajaj Tempo Ltd has approved change in the name of the company to 'Force Motors Ltd'.
Having got the regulatory clearance to offer add-on insurance policies, non-life insurers are now preparing to launch the same in the coming weeks. Some of the insurers have said, however, that they need some time to launch these products. They say that, unlike commercial products which can be launched straight away, products meant for retail consumers need a certain level of preparation before they are ready for sale.
Honk Kong Stock Exchange-listed Great Wall Motor explores sites at Sanand & Halol.
In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.
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 Insurance Regulatory and Development Authority on Wednesday announced that it would lift pricing controls on motor insurance, along with other lines of business currently under tariff, with effect from January 1, 2007.
Insurance regulator IRDA on Monday said that policy holders will gradually have to pay more for motor, health and other general insurance covers as costs would go up due to companies setting aside higher funds for claim settlements.
The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
The US-based auto maker told the government an internal probe had revealed the company had violated testing targets
Inspiring story of America's iconic CEO.
The worker said there was a natural source of water in the tunnel but they had no clothes to change.
Sources close to the development said the three companies have sought permission from the Insurance Regulatory and Development Authority for new motor insurance products and are expected to launch the add-on covers in the first week of January. Add-ons are expected to be in the form of a replacement vehicle or payment on a daily basis when the vehicle is out for repair, and reduced or zero depreciation.
The new hatchback will likely be powered with either 1.2 litre or 1.4 litre petrol engine.
'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.'
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.
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of automobile dealers who have supposedly generated fake invoices without providing any service, which is a punishable offence under goods and services tax (GST) law. The authorities are learnt to have questioned the car dealers to explain the services they provided general insurance companies. The investigators suspect car dealers pitched for insurance schemes that give them commissions in excess of those insurance regulations permit.
GM has also exited from four other international markets, including Russia and Europe.
The company's domestic market share is down to low single digits from nearly 15 per cent a decade ago and its bread-and-butter commercial vehicle business faces a slowdown as well as intense competition.
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.
