Tuesday, May 23 2017 | Time 16:22 Hrs(IST)
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  • Goa govt to hold meeting with taxi-operators over fare next month
  • 5 die after run over by tanker near Panipat
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  • Amarinder urges farmers not to resort to suicide
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  • Lower tax on packaged cement, Medicaments, Smart phones and medical devices under GST
  • Assembly grieves over death of Anil Dave, SSB jawan Amal Sarkar
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  • CSIR perfects technology for producing diesel from plastic waste at commercial scale
  • Modi govt making efforts for betterment of farmers: Suneil Shetty
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AUTOWORLD Share

General Motors to stop selling cars in India

General Motors to stop selling cars in India

New Delhi, May 18 (UNI) Aiming to drive stronger financial performance, leading global auto maker General Motors Company today announced that it will stop its sales operations in India and focus on exports from the world’s fastest growing passenger vehicle market. 'The company will focus its GM India manufacturing operations on producing vehicles for export only...,' GM International said in a statement. Existing Chevrolet customers will continue to be supported in the market, the company said. Across affected markets, GM is working with employees, their union representatives and local authorities to provide transition support. The company also said that it will offload its South Africa manufacturing to Isuzu Motors. GM’s Chevrolet brand will be phased out of both markets by the end of 2017, the company said. 'As the industry continues to change, we are transforming our business, establishing GM as a more focused and disciplined company,' said company’s chairman and chief executive Mary Barra in a statement. 'Globally, we are now in the right markets to drive profitability, strengthen our business performance and capitalize on growth opportunities for the long term. We will continue to optimize our operations market to further improve our competitiveness and cost base,' she said. These decisions were made following an extensive review of operations in GM International markets and reflect a series of actions taken to improve global business performance that began in late 2013, the company said. 'In India, our exports have tripled over the past year, and this will remain our focus going forward,' he said. 'We determined that the increased investment required for an extensive and flexible product portfolio would not deliver a leadership position or long-term profitability in the domestic market,' said GM’s executive vice-president and president for GM International Stefan Jacoby. GM’s manufacturing facility at Talegaon will continue as an export hub for Mexico and Central and South American markets. UNI ASH AE 1511

Jaguar

Jaguar introduces its XE at Rs 38.25-lakh

New Delhi, May 22 (UNI) Jaguar Land Rover India today announced the start of sales for the 2.

TVS

TVS Motor launches Scooty Zest in new Matte colours

Chennai, May 22 (UNI) TVS Motor Company, a leading two-wheeler manufacturer in India, today introduced a new Matte series for its popular scooter, TVS Scooty Zest 110.

Ashok

Ashok Leyland showcases indigenously developed iEGAR tech for BS4 engines in Hyderabad

Hyderabad, May 19 (UNI) Ashok Leyland, flagship of the Hinduja Group, and the 2nd largest commercial vehicle (CV) manufacturer in India, today showcased its range of future ready products, based on Intelligent Exhaust Gas Recirculation (iEGR) technology, and innovative industry-leading services at its Zonal Conference 2017 held here today.

Isuzu

Isuzu launches 'mu-X in Bengaluru market

Bengaluru, May 19 (UNI) Eyening the growing luxury SUV market in India, Japanese auto major Isuzu today released the all-new Isuzu mu-X SUV in the Bengaluru market today.

General

General Motors to stop selling cars in India

New Delhi, May 18 (UNI) Aiming to drive stronger financial performance, leading global auto maker General Motors Company today announced that it will stop its sales operations in India and focus on exports from the world’s fastest growing passenger vehicle market.

Hero

Hero MotoCorp up by 3.09 pc to Rs 3625.95

Mumbai, May 16 (UNI) Hero MotoCorp rallied today by 3.

Ashok Leyland showcases indigenously developed iEGAR tech for BS4 engines in Hyderabad

Ashok Leyland showcases indigenously developed iEGAR tech for BS4 engines in Hyderabad

Hyderabad, May 19 (UNI) Ashok Leyland, flagship of the Hinduja Group, and the 2nd largest commercial vehicle (CV) manufacturer in India, today showcased its range of future ready products, based on Intelligent Exhaust Gas Recirculation (iEGR) technology, and innovative industry-leading services at its Zonal Conference 2017 held here today.

Honda faces long haul to recoup jet costs

Honda faces long haul to recoup jet costs

TOKYO, Mar 27 (Reuters) After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor Co's pet aviation project recoup its development costs.

VW China sales to grow at least 4-5 pct in 2017

VW China sales to grow at least 4-5 pct in 2017

SHANGHAI, April 18 (Reuters) German carmaker Volkswagen AG's China sales are set to grow at least 4-5 percent this year, the automaker's China chief said today.

Auto makers body refutes report of BS IV vehicles delay

Auto makers body refutes report of BS IV vehicles delay

New Delhi, Mar 8 (UNI) Refuting the reports that it has sought deferment in the implementation of BS IV emission norm, the auto makers association SIAM today clarified that the auto industry is fully committed to commence manufacturing of BS IV vehicles from April 1, 2017 across the country.

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