General Motors, the world's largest automaker, said it would buy South Korea-based Daewoo Motors' assembly unit in India for an undisclosed price.
General Motors India on Thursday said its car sales surged by 162.8 per cent in January 2003 to 1,477 units over 562 units in the same month last year.
Japanese automaker Nissan Motor Co on Friday said it would launch sports utility vehicle X-Trail by the middle of this year, marking the company's re-entry into India.
Honda Siel's mid-size car City, Ford's Endeavour sports-utility-vehicle and Bajaj Auto's Wind motorcycle bagged the top honours at the 3rd CNBC Autocar awards in New Delhi.
Honda Siel Cars India on Friday said its sales soared by 195 per cent in December 2003 to 2,760 units on the back of strong demand for the recently-launched all-new mid-size car City.
The Indian subsidiary of General Motors is set to register 75 per cent sales growth in the calendar year 2003, and has plans to invest Rs 180 crore.
General Motors India is expanding its manufacturing capacity to produce 50,000 vehicles by 2005.
Within five months of its launch, General Motor India on Tuesday rolled out a 1.6-litre model of its premium mid-size sedan Chevrolet Optra as part of strategy to double sales to 30,000 units next year.
Hyundai Motor India on Monday said its vehicles sales grew by 27.4 per cent in October 2003 to 13,297 units as demand for its compact car Santro and mid-size model Accent continued to increase.
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.
From vintage Ferraris to 1970s muscle cars, in 2006 the rarest classic autos commanded an average of $3.9 million.
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 Monday said its car sales soared by 112.6 per cent in August on good demand of the new premium mid-size model Chevrolet Optra.
Hyundai Motor India on Monday forayed into the domestic sports-utility-vehicle market with the premium SUV model Terracan.\n\n\n\n
General Motors India said on Friday that its car sales surged by 192.7 per cent in July 2003 to 1,935 units from 661 units a year earlier.
General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
General Motors India on Tuesday said its car sales soared by 77.3 per cent in June 2003 on the back of a surge in demand for the mid-size car, Opel Corsa.
Mahindra & Mahindra said on Thursday it was in talks to assemble and sell sport utility vehicles in China, in what would be the first foray by an Indian automaker into the fast-growing Chinese market.
One sign of it was that the most discussed car at the Detroit show was not actually on display. It was Tata's $2,500 Nano small car for the Indian market, which captured the attention of US executives who have their own plans to push into India and to expand further in China.
General Motors India said on Wednesday that its vehicle sales rose by 41 per cent in May due to a surge in demand for the mid-size Opel Corsa.
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