Unperturbed by the Mumbai terror attacks and its ongoing struggle to avoid bankruptcy back home, US auto major General Motors on Monday said it is making India power-trains development hub for Asia-Pacific region.
The company’s Indian subsidiary General Motors India (GMI) has already announced a total of $500 million investments in the country to set up […]
The Indian automobile industry, which has been undergoing a downhill drive, today decried the government’s recent decision to impose restrictions on import of critical components saying it was akin to returning to the ‘licence-raj’ period.
“Policies like this clog growth of the industry. It is like returning to the days of licence-raj,” General Motors India Vice […]
In what could further intensify competition with the Tatas’ Nano, Hyundai and General Motors India are actively considering plans to come out with smaller engines for their entry-level models that would give Indian customers additional choice at an aggressive price.
Both Hyundai and GM, which together account for a third of Asia’s second-largest small car market […]
General Motors (GM), plans to roll out its new mini car next year from its Talegaon plant, near Pune. This will be followed by the launch of a sedan category car named Cruz by 2010.
The mini car, which is yet to be named, will initially use imported parts for production. This will be localised later, […]
Despite the on-going downturn in the Indian automobile sector, General Motors India says its expansion plans are on track, and the company will launch its sedan ? the Chevrolet Cruze ? in the country simultaneous to its introduction elsewhere in the world in the middle of 2009. It will be produced at GM?s plant in […]
Struggling US carmaker General Motors today said its India activities are on track and will launch its luxury sedan, Cruze, followed by a small car, in the next financial year amid reports that it is on the verge of filing for bankruptcy.
“Our India plans remain intact and investments will continue as announced earlier. The company’s […]
The decision of European and Asian carmakers such as General Motors, Ford, Daimler, Nissan, Toyota and others to cut down production in view of the global meltdown, is likely to affect the Indian auto component industry. The auto component industry, which had clocked a $3,615 million (Rs 17,713.5 crore) exports in 2007-08, has called an […]
The slowdown blues are yet to hit car sales at the top and the bottom ends of the spectrum. Automotive market sources said that the financial crisis has impacted segments between these two points because of inadequate finance options.
They added that the luxury and the entry-level segments commanded brisk sales. While dealers declined to comment […]
Car maker General Motors India on Saturday reported a 5.31 per cent rise in its domestic sales at 6,465 units in October, against 6,139 units in the same month a year ago.
The sales comprised 855 units of multi-utility vehicle Chevrolet Tavera, 934 units of sedan and hatchback Chevrolet Aveo and Aveo U-VA, 153 units of […]
With its focus on Research and Development (R&D), automobile giant General Motor India is looking at alternate fuels and is working o n CNG and LPG vehicles, a senior official said.
“We are looking at CNG and LPG vehicles for India and are closely working with our regional partners in Thailand (for CNG) and Korea […]