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General Motors India Private Limited was a subsidiary of General Motors for its operations in India. General Motors had 93% stake in this partnership and the remaining 7% was held by SAIC . [ 1 ] It was the 5th largest automobile manufacturing company in India after Maruti Suzuki , Hyundai , Tata Motors and Mahindra . [ 2 ]
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In 2002, the joint venture SAIC-GM-Wuling was established, with SAIC holding 50.1% of the shares, General Motors 34%, and Wuling Group (later renamed Guangxi Auto) 15.9%. [5] Wuling transferred its microvan and small truck production to the joint venture. By 2011, GM increased its ownership stake to 44%, reducing Wuling's share to 5.9%. [6] [7] [8]
Hindustan and General Motors have had several tie-ups in the post independence era to produce Bedford Trucks, Vauxhall Motors (1980 to 1990), Allison Transmissions and off-road equipment. In 1994, GM and Hindustan (C K Birla) formed a 50-50 joint venture, General Motors India to manufacture Opel Astra cars in the newly created mid-segment category.
General Motors expects to take a hit of more than $5 billion on its struggling China business. The automaker said it would write down the value of its Chinese operations by as much as $2.9 billion.
General Motors has inked a multimillion-dollar deal with a Norwegian battery supplier for its synthetic graphite anode materials starting in 2027. The companies said Wednesday that once Vianode ...
As a result of this General Motors India announced an electric version of their hatchback in the New Delhi Auto Expo 2010: named the e-Spark, Reva was to provide battery technology. [10] On 26 May 2010, India's largest sports utility vehicles and tractor maker Mahindra & Mahindra bought a 55.2% controlling stake in Reva.
In November 2022, the vehicle was imported by General Motors to Egypt as the Chevrolet Spark EV as ride hailing vehicles during the 2022 United Nations Climate Change Conference. [16] Outside of Indonesian market, the Air EV was went on sale in Nepal in December 2022, [17] Thailand in July 2023, [18] and in Brunei in late September 2023.