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."
The National Stock Exchange's (NSE) initial public offering (IPO) is expected to shrink in size to Rs 25,000-27,000 crore, down from an earlier estimate of Rs 30,000 crore, as some shareholders are reducing their offer for sale (OFS) stake.
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.
N Chandrasekaran's letter of not seeking a third term was written to Tata Sons directors (including to Noel Tata as a nominee director) and, therefore, Tata Trusts did not have a locus standi on accepting or rejecting that letter.
The Supreme Court has declared the right to walk on demarcated footpaths a fundamental right, directing all states and Union Territories to ensure proper, encroachment-free pedestrian spaces. The court emphasised that footpaths are integral to human life and safety, and states must respond to advisories issued by central ministries regarding their implementation.
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.
Protect your vehicle from the unpredictable monsoon season by understanding essential motor insurance add-ons like Engine Protect and Zero Depreciation, crucial for covering damages from floods, waterlogging, and preventing costly out-of-pocket expenses.
Maruti Suzuki India has significantly increased its capital expenditure (capex) outlay to Rs 77,500 crore for the five-year period ending FY31, aiming to boost capacity, develop new models, and enhance R&D, as announced by MD and CEO Hisashi Takeuchi.
The company shipped the first lot of 140 units of its hatchback Chevrolet 'Beat' from the Mumbai port to Chile last Thursday.
Insurers are bracing for claims worth nearly 5,000 crore from the recent floods in Gujarat, predominantly for property losses, though they do not foresee an increase in premiums within the competitive property insurance market.
'It is not economical to operate GSLV-Mk II due to its cost and complexity. Future launches to be managed with LVM3.'
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.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
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.
Tamil Nadu Chief Minister C Joseph Vijay opened the sluices of the Stanley Reservoir in Mettur on Tuesday for irrigation in the Cauvery delta districts.
The Supreme Court has directed the Centre to ensure all roads have properly demarcated, encroachment-free spaces for pedestrians, emphasising that the right to walk on a footpath is a fundamental right.
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
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.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
Much of Mary Barra's first year as CEO was spent dealing with crisis.
Air India, SkyDrive, and Suzuki Motor Corporation have signed an initial pact to conduct a joint feasibility study on using electric vertical take-off and landing (eVTOL) aircraft for medical air logistics in India. This collaboration aims to address severe traffic congestion in major Indian cities, which poses challenges for time-critical medical transport, by developing last-mile emergency medical solutions.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
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.
Don't judge an expensive gadget only by its EMI cost; also consider how many years it will remain useful after you've finished paying for it.
The Ministry of Heavy Industries (MHI) anticipates disbursing approximately 4,700 crore in incentives under the automotive PLI scheme in FY27, more than double the previous two years, while also exploring financing mechanisms for electric buses and trucks and promoting domestic manufacturing of critical EV components.
With passenger vehicles (PVs), two-wheelers and three-wheelers registering double-digit growth, manufacturers raise production as the industry enters the festival season.
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.
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.
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.
'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.'
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.
