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.
General Motors steals the show at the Auto Expo 2016 with an impressive line up.
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.
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.
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 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.
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.
The Korean company has sold over 1.36 million cars and has exported 535,000 units.
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.
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.
General Motors India is expanding its manufacturing capacity to produce 50,000 vehicles by 2005.
General Motors India aims to double its production to 50,000 units even as it expects to clock sales of 20,000 units of all models during this calendar year.
General Motors India on Monday launched a limited edition of its mid-size car 'Corsa Royale' in a bid to create product excitement and increase sales.
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