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.
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.
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.
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.
General Motors India would double its production capacity to 60,000 units per annum by March this year, a senior company official said on Thursday.
Riding high on record sales of 3207 cars in September 2004, General Motors India is setting up a call centre to provide hassle-free services.
German auto giant Volkswagen has asked its joint ventures in China to slash costs by $500 million by the end of 2005 to face an expected profit drop due to intense competition, especially from General Motors, the state media reported on Tuesday.
The Indian subsidiary of US auto giant General Motors Corp will launch a premium sedan Chevrolet Optra later this month, making India the second country in the world after South Korea where this vehicle would be produced locally.
Rick Wagoner, chairman and chief executive officer, General Motors, spoke to Business Standard on the Indian market.
General Motors India on Wednesday launched a special edition version of premium mid-size car Chevrolet Optra to strengthen its position in the entry-level luxury segment.
General Motors India on Tuesday reported a 74 per cent sales growth to 1,401 units in April 2004 over 805 units in the same month last year and said it would bring in more 'Chevrolet' models.
HCL Technologies Ltd, India's fifth-largest software exporter, reported on Thursday second-quarter consolidated net profit fell 35.9 per cent year-on-year, slightly below market expectations, pushing its shares lower.
General Motors India on Monday announced a loyalty scheme for its customers under which it will offer a bonus of Rs 20,000 on purchase of the Chevrolet Optra NY edition.
General Motors steals the show at the Auto Expo 2016 with an impressive line up.
General Motors India on Wednesday launched the new look Opel Corsa and said the company was working on new programmes to introduce more special editions of its cars in 2005 to boost sales.
Maruti Udyog on Monday said its cars were set to become dearer by 2-2.5% owing to rise in steel prices and technology cost for new emission norms.
With a new chief executive officer (CEO) at the helm, the country's largest two-wheeler maker Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'. Recently, the company's erstwhile chief financial officer (CFO) Niranjan Gupta was elevated as CEO.
Buoyed by the encouraging response to its premium mid-size car Chevrolet Optra, General Motors India is launching an automatic transmission variant of the vehicle by early next month, sources said.
General Motors India on Wednesday announced the launch of its new vehicle Chevrolet Tavera, a new generation premium multi-utility vehicle.
General Motors India on Monday unveiled Sports Utility Vehicle Chevrolet Forester and said it would invest Rs 1600 crore (Rs 16 billion) in the next two years to upgrade its facility here.
General Motors India on Monday said it would launch Chevrolet Tavera in the second quarter of 2004 to take on competition from multi-purpose vehicles like Scorpio and Qualis.
