Maruti, Tata Motors and Ford Motor India have already made similar announcements.
The prices of the company's vehicles start at Rs 2,85,000 for Spark and go up to Rs 24.6 lakh or Rs 2.46 million (ex-showroom Delhi) for the Captiva.
With passenger vehicles (PVs), two-wheelers and three-wheelers registering double-digit growth, manufacturers raise production as the industry enters the festival season.
GM Chairman and Chief Executive Rick Wagoner is scheduled to outline the plan to employees, the Wall Street Journal reported. "This is real, hard stuff," one person briefed on the plan told the paper. "It not only assures our survival, but will make us a radically leaner, more focused company with much lower fixed cost."
GM India is banking on the growing used car market in the country to bring incremental revenues amidst sagging sales of passenger cars in the aftermath of economic recession. General Motors clocked a sales volume of 65,702 units in the India market in 2008 as against its targeted sales of 85,000-90,000 units. The auto major had not set any sales target for 2009-10 but expected sales to be flat.
General Motors Corp and popular professional golfer Tiger Woods said on Monday that they would end their endorsement deal at the end of the year. GM, which has warned it will soon run short of cash and is asking the US government for financial support amid the economic slowdown, and Woods, who is recovering from reconstructive knee surgery, called the arrangement "mutual and amicable."
SBI General Insurance aims to achieve a 10 per cent market share among private and standalone health insurers within approximately five years, up from its current 7.17 per cent, said Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance.
The Madras High Court's Madurai Bench has set aside a government order providing jobs to relatives of those who died in a stampede at Karur last year, citing violations of constitutional rights and existing compassionate appointment rules. The court highlighted that such appointments overlook others on waiting lists and could open "floodgates" for similar demands.
While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.
Led by strong growth in its luxury sedan Chevrolet Optra, auto major General Motors India on Tuesday reported a 123.5 per cent growth in car sales in June 2004 to 2,418 units from 1,082 units in the same month last year.
General Motors India on Thursday said its car sales surged by 162.8 per cent in January 2003 to 1,477 units over 562 units in the same month last year.
The vehicle will compete with Maruti Suzuki India's Ertiga, which is priced between Rs 598,000 and Rs 870,000 (ex-showroom Delhi).
General Motors India launched its new Chevrolet Sail U-Va car on Monday with a target to sell around 2000 cars monthly in Jaipur.
Malaysia's Sepang circuit will host the rescheduled 'Gulf Air Bahrain Grand Prix in Malaysia' on October 4, Formula One announced, stepping in after the original April races in Bahrain and Saudi Arabia were cancelled due to the Iran war and Middle East situation.
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
GM India said customers will be able to book the Trailblazer on Amazon.in only from October 21-25, at a reservation deposit of Rs 25,000.
The company shipped the first lot of 140 units of its hatchback Chevrolet 'Beat' from the Mumbai port to Chile last Thursday.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
General Motors India on Friday said it will hike the prices of its entire range of models by up to Rs 20,000 with effect from October 8 as it looks to minimise the impact of adverse currency movement and high input costs.
Auto major plans to cut technology outsourcing from 90 to 10 per #162 TCS, Wipro, others could be at receiving end
General Motors India on Monday said its car sales soared by 112.6 per cent in August on good demand of the new premium mid-size model Chevrolet Optra.
GM cites global pandemic as reason for the step. Firm had stopped selling cars in India in 2017 and stopped production completely on December 24, 2020.
Hyderabad-based Midwest Ltd has become the first Indian private company to secure overseas critical mineral mines, sealing a deal with Indonesia's state-run PT Perusahaan Mineral Nasional (PERMINAS) to ensure a long-term supply of rare earths.
General Motors India on Tuesday increased vehicle prices by up to Rs 61,000 in order to partially offset the impact of rising input costs and expiry of reduced excise duty concessions.
Much of Mary Barra's first year as CEO was spent dealing with crisis.
A Delhi Motor Accident Claims Tribunal has awarded over 2.46 crore to Lakhpat Singh, a Marine Commandos (MARCOS) diver, who suffered 88 per cent permanent disability in a 2018 road accident, severely impacting his ability to continue his specialised military career.
General Motors will invest Rs 100 crore (Rs 1 billion) in its manufacturing facility at Halol in Gujarat, for penetrating into the Indian small car segment, company's Vice President P Balendran said on Friday.
A 25-year-old Indian student, Navya Gadusu, died in a road accident near Chicago, US, leaving six others injured. The accident occurred on Interstate 65 highway near Crown Point, Indiana. The Indian Consulate General in Chicago has expressed condolences and is assisting the family.
Maruti Suzuki India has hiked prices of its vehicles across all models, except the entry level sedan DZire, by up to 3.4 per cent.
On World Brain Tumour Day, Consultant Brain and Spine Surgeon Dr Keval Shukla explains why you should not ignore symptoms like persistent headache, blurred vision and a loss of balance.
The company said it will inspect and if necessary, replace the clutch pedal lever.
Automobile giant General Motors will invest Rs 1,000 to Rs 1,200 crore (Rs 10-12 billion) to set up a power train (engine and gear box) manufacturing facility at its Talegaon Plant near Pune.
The Gujarat ATS and Indian Coast Guard seized 115 kg of cocaine worth nearly Rs 1,150 crore from a vessel off Mundra port, arresting three foreign nationals and disrupting an international drug trafficking network.
The recall will affect 2,910 units of the sedan version of Sail and 1,090 units of compact car variant of the model.
The Gujarat ATS and the Indian Coast Guard seized 115 kg of cocaine valued at nearly Rs 1,150 crore from a vessel off Mundra port and apprehended three foreign nationals.
Indian insurance companies are bracing for reduced profitability in Q4FY26, primarily due to the rationalisation of GST on retail life and health policies, leading to a loss of input tax credit, coupled with volatility in equity markets impacting investment income.
General Motors aims to grab at least 5 per cent market share in India within the next decade.
