Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
Today, GMI has a brand new car factory, an existing one that runs on three shifts to produce 65,000 cars, two new small cars, a successful utility vehicle. . . looks like GMI is getting serious about India.
The zippy power delivery, the smooth gearshifts, the spot-on gear ratios and the narrow dimensions of the car mean that they make short work of your daily commute in thick traffic.
General Motors India on Thursday launched a special 'Platinum' edition of its luxury sedan Chevrolet Optra priced at Rs 824,000 (ex-showroom Delhi).
General Motors India on Wednesday launched its premier sports utility vehicle, Chevrolet Captiva, priced at Rs 17.74 lakh (Rs 1.774 million) -- ex-showroom Delhi.
If you buy a Chevrolet from the General Motors (GM) stable in 2012, the chances are that it will have a good amount of design input from Bangalore. The world's largest automobile manufacturer on Thursday opened its India Design Lab in the city, which will comprise 100 professionals involved in styling cars.
The limited edition Aveo comes at a premium of Rs 54,000 over the existing base price of Rs 5.95 lakh. The new variant would be powered by a 1.4 litre petrol engine and has been introduced to commemorate GM Corp's centenary celebrations, GM India said in a statement.
The sales comprise 1,504 units of hatchback Chevrolet Spark, 1,550 units of multi-utility vehicle Tavera, 1,227 units of Aveo/Aveo U-VA and 498 units of sedan Optra, it said.
Chevrolet's India strategy for 2007 doesn't end with the Spark.
The Centre will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to 8 passengers for enhanced safety of occupants, Union Minister Nitin Gadkari said on Friday. In a series of tweets, the Road Transport and Highways Minister said his ministry had already mandated the implementation of fitment of the driver airbag with effect from July 1, 2019 and front co-passenger airbag with effect from January 1, 2022. "In order to enhance the safety of the occupants in motor vehicles carrying upto 8 passengers, I have now approved a Draft GSR Notification to make a minimum of 6 Airbags compulsory," Gadkari said.
General Motors, the world's biggest carmaker, on Tuesday rolled out its small car Chevrolet Spark in India as it takes on market leader Maruti Suzuki in one of the world's fastest growing automobile markets.
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
Carmakers usually come up with such year-end announcements.
Private equity investments into domestic companies fell sharply year-on-year by 42 per cent to $23.3 billion in 2022, which is the lowest since 2019, when it was $15.8 billion, according to an industry report. The numbers reflect the overall funding winter that the startup space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February. Private equity investment inflows into the country fell by a sharp 42 per cent in 2022 from last year to $23.3 billion -- the lowest annual inflows since 2019 when it was a low $15.8 billion, but still relatively elevated compared to historical levels, said Elaine Tan, a senior analyst at Refinitiv, the LSEG business arm that provides financial markets data and insights.
Auto major General Motors India on Friday launched its premium hatchback car, the 1.2 litre petrol Chevrolet Aveo U-VA at Rs 3.99 lakh (ex-showroom Delhi).
What India needs is a not cheap car, but more fuel-efficient cars. It also needs to make its public transportation better.
General Motors India on Thursday cut prices of critical spare parts of two of its best selling models Chevrolet Optra and Tavera by as much as 26 to 52 per cent.
General Motors India (GMI) on Monday launched a variant of its sports utility vehicle 'Chevrolet Forester' to tap the growing SUV market in India.
Aditya Vij, President and Managing Director, General Motors India, launched a special edition of Chevrolet Optra in New Delhi.
Spark will be targeted to cut a major slice of the growing small segment pie.
General Motors has said that it will launch a second small car in India in the next two years as it looks at emerging markets to make up for sluggish sales in the US. A late entrant in the country's small car market, GM sells the Chevrolet Spark at around Rs 300,000.
Floods in Gujarat caused a Rs 30 crore (Rs 300 million) loss to General Motors India and the company said it expected sales performance to be hit, for the second consecutive month, in July.\n\n
The company also plans to launch luxury sedan Chevrolet Cruze in September and a mini car by the end of this year. Earlier this week, the company had said its India operations will remain unaffected despite its parent filing for bankruptcy protection, but it is currently facing difficulties in raising funds for completing its engine manufacturing plant at Talegaon in Maharashtra.
Automobile sales in India started on a high note this fiscal with cars and bikes witnessing an over 16 per cent surge in demand in April even as commercial vehicles saw numbers gain to the maximum, rising by a whopping 68.5 per cent.
General Motors India on Wednesday said its sales grew 42 per cent in February 2005 and announced that expansion of its Halol plant would be completed later this month.
General Motors on Saturday launched its new sedan, Chevrolet Aveo, positioned as an entry-level mid-sized car and said it is eyeing total sales of 50,000 vehicles in the Indian market this year.
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