The company has sent a lay-off notice to all 1419 employees over an email and the copy of the same was served to the secretary and president of the the General Motors Employees Union on Friday. The employees Union is likely to challenge this move legally, sources in the know said.
The top 23 companies had a total gross turnover of Rs 3,56,702.9 crore in FY17.
or the American carmaker that set up a manufacturing base in the country in 1996, several attempts to crack the domestic market failed. But strong demand for its Made-in-India car in Mexico has earned GM an operational breakeven, several people in the know said.
The slow start, which was designed for easier assembly, reignites concern that the company will struggle to reach the lofty production targets set by its CEO.
MG Motor India, a wholly-owned subsidiary of China's largest automaker SAIC Motor Corp that owns the brand, aims to launch its first product in 2019 and follow it up with another a year later. While the SUV segment remains an important segment, the company is yet to
In an exclusive interview with Lijee Philip and Ketan Thakkar, Anurag Mehrotra, managing director, Ford India, said Ford's biggest challenge continues to be cost -both material and structural, stressing that the company will intensify its efforts to deliver on competitive costs by driving higher localisation and greater commonality across car lines and operational fitness.
GM and its joint venture partner Shanghai GM will start withdrawing vehicles fitted with the potentially faulty airbags beginning next month and will include Chevrolet and Buick cars, China's top consumer watchdog said.
Over the last five years, Ranjeev Dahuja's promoted Berkeley Motors has grown more than 200% and currently sells approx 500 cars in a month from its six dealerships
GM has decided to stop selling vehicles in India by the year-end and focus just on exports from here, offering compensation to its dealers.
The company is likely to spend as much as Rs 2k crore on capital expenditure this fiscal.
Almost all of the 400 employees of General Motors in India, who were offered a voluntary separation scheme (VSS), have accepted the deal, according to the company.
After announcing its decision to stop retailing vehicles on May 18, the company sent mails to employees the very next day about the VSS that will close on June 15, 2017.
General Motors India plans to clear 1,800-1,900 Chevrolet vehicles lying across dealerships & 800 cars in stock with the company.
The 2018 edition of the Indian Auto Expo will be held at Greater Noida in February and the event is organised by industry body Society of Indian Automobile Manufacturers (Siam) and business chamber CII.
It takes guts to quit a market that's expected to be world's biggest in about four years, but the automotive sector is currently least-loved in the S&P 500.
The silver lining is that it could be the beginning of a process that culminates in significant value addition taking place here.
American carmaker General Motors will close its India operations by the end of this year. The reasons: mounting losses, near negligible sales and poor business management. Here’s a synopsis of what went wrong.
The beleaguered American carmaker may be winding up its domestic sales here while service support and exports from India will continue.
GM workers gathered at the spot and raised slogans against the state government as well. They alleged that their fair demands are being overlooked both by the company and the government.
The company's arm, General Motors India will now operate all of its manufacturing operations from its second plant at Talegaon in Maharashtra.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Sanjiv Gupta | 07549705 | sanjiv.gupta@gm.com | Director | 22 Jun,2016 |
| Asif I Khatri | 07891943 | asif.khatri@gm.com | Director | 28 Jul,2017 |
| Vinay Madhav Pradhan | 07917439 | vinay.pradhan@gm.com | Director | 01 Sep,2017 |
General Motors India Private Limited's balance sheet, profit & loss figures and Financial Ratios
Get plant information and details for General Motors India Private Limited
Know the direct, tier 1 and foreign suppliers for General Motors India Private Limited
Which business is the best revenue generator for General Motors India Private Limited
General Motors India Private Limited's subsidiaries, Joint Ventures, Associates & Signatories
Passenger Vehicle / Commercial Vehicle / Two Wheelers / Automotive / Components / Industry / Tyres / Aftermarket / Policy / Auto Technology / People Movement / Oil & Lubes / New Launches / Raw Material / Financial Results / Auto Finance
Trends / IndustrySpeak / International / Careers / Data & Analytics / Jobs / ETAuto TV / Autopreneur / Interviews / ETAuto Insights / Data / Reports
Retail News / Health News / Telecom News / Energy News / IT News / Real Estate News / Marketing & Advertising News / Technology News / IT Security News / Government News / ETMasterclass News / ET Campus Stars News / Textile News / Sports News / Hotelier News / Facilities News / Fashion News / ElectronicsWorld News / Salon News / Aviation News / WasteManagement News / Light News / Construction News / Packaging News / Safety News / Shipping News / Hospitality News / Travel News / HR News / Pharma News / Legal News / Virtual Conference News / BU News / Water News / Retail News / Virtual Conference News / Infra News