General Motors India on Monday launched a new premium mid-size car - Chevrolet Optra - as part of the aggressive plans to grow its sales over five-fold to about 50,000 units in the next three years.
Till now, the company was selling the Beat in petrol and liquefied petroleum gas variants.
General Motors India on Thursday unveiled its new mid-size sedan Opel Vectra in the premium car segment with ex-showroom price of Rs 15.99 lakh (Rs 1.59 million) in Delhi and Rs 16.9 lakh (Rs 1.69 million) in Mumbai.
The company has purchased 43 per cent stake from its Chinese partner Shanghai Automotive Industry Corporation Group for an undisclosed sum.
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.
General Motors India expects to double sales of its vehicles to touch 16,000 units by December this year, Aditya Vij, the company's managing director, said in Bangalore on Wednesday.
The company shipped the first lot of 140 units of its hatchback Chevrolet 'Beat' from the Mumbai port to Chile last Thursday.
'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.'
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.
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.
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.
General Motors aims to grab at least 5 per cent market share in India within the next decade.
Jaguar Land Rover will continue to be managed independently.
Tata Capital is set to launch India's largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at Rs 1.38 trillion. This will make the company India's fifth-most-valued NBFC after Bajaj Finance (Rs 6.12 trillion), Bajaj Finserv (Rs 3.2 trillion), Jio Financial Services (Rs 1.87 trillion), and IRFC (Rs 1.59 trillion).
Insurance intermediaries who receive disproportionately high commissions are likely to see a decline in their payouts, post the new Insurance Amendment Bill. The new Bill gives the Insurance Regulatory & Development Authority of India (Irdai) the power to disgorge unlawful gains made by insurers and intermediaries as well as the right to limit commissions paid to intermediaries.
Bajaj Auto is planning a slow, calibrated push to take the Chetak, its electric scooter, to more than 100 countries on the strength of its distributor network and market-specific localisation rather than an aggressive global rollout, reports Sohini Das.
From a surge in startups to crewed mission preparations, 2025 marks a transformative year as India eyes $44 billion space economy by 2033.
Mahindra and Mahindra pushed the company to No. 4 position in the list of the largest passenger vehicle manufacturer few months back.
Both the life and non-life insurance segment posted over 20 per cent premium growth in November for the first time in this financial year (FY26), supported by the reduction in goods and services tax (GST) on premiums from 18 per cent to zero and a favourable base effect.
General Motors India would roll out its BS IV version of Sports Utility vehicle Tavera in the country by next year, a top company official said on Tuesday
General Motors India is in talks with the creditors Daewoo Motors India to acquire the car assembly unit of the failed carmaker and has set a timeframe to clinch the deal.
General Motors India is looking to enhance its range of diesel-driven cars as demand for the variant increases due to the price difference with petrol.
The mini car is likely to be based on the auto maker's Beat concept, showcased at the New York Auto Show two years ago. It would offer the option of diesel or petrol engines and will be the third small car in GM's offering in the country after Spark and Aveo U-VA. India would be the company's export hub for the mini car, said Karl Slym, president and managing director, General Motors India.
Always wondered what hiring managers wished you knew? Vikas Shirodkar, vice- president, Human Resource Development, General Motors, India, spells out the six qualities he always looks for in prospective candidates.
Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows.
IPO bound HMIL, which is also from South Korea, had faced severe labour unrest for nearly a decade till the realisation -- a worker's union cannot be avoided -- dawned on it.
He seems to have fallen from a higher floor of a hotel in Bangkok.
'Unless we consistently show up with the right cars, at the right time, priced fairly, we risk becoming irrelevant very quickly.'
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
General Motors Asia-Pacific on Friday announced the appointment of chief operating officer, Rajeev Chaba, as president and managing director of General Motors India with effect from June 1.
General Motors India, the 100 per cent subsidiary of the world's largest vehicle manufacturer, has achieved break-even and become a profitable company, a top company official said on Monday.
Given the stronger rural activity, and potential goods and services tax (GST) impact, investors are bullish on the two-wheeler (2W) segment. In August, dealers in the domestic market picked up 11 per cent more 2Ws year-on-year (Y-o-Y), despite only 2 per cent growth in retail registrations. This indicates inventory stocking ahead of the festival season. Export trends were good. TVS Motor and Royal Enfield may have gained domestic market share.
GM India launches updated version of Captiva at Rs 27.36 lakh.
The Halol facility is projected to operate in three shifts to cater to production of LCV's and the automaker plans to hire new suppliers for it as well.
'The retail industry is still growing in double digits.'
Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.
In 2015, the auto major had announced that it would cease production at the plant, a move that affected around 1,100 employees.
