General Motors (GM) is global leader as automaker with manufacturing facilities in 33 countries. It entered the Indian market as a 50-50 joint venture with the C.K. Birla Group but later became a fully owned subsidiary of its parent company. Chevrolet Optra and Chevrolet Tavera (MUV) are the most happening cars of the compnay in India.
|Year of Establishment||1908 in Flint, Michigan as a holding company for Buick.|
|Global Headquarter||GM Renaissance Center, Detroit, Michigan|
|Listings & its codes||NYSE: GM|
|Subsidiaries||Hughes Electronics Corp.
General Motors Acceptance Corporation (GMAC)
GM Locomotive Group
Allison Transmission Division
|Products||Automobiles & Engines|
|Registered Office||General Motors India Pvt.Ltd.
Chandrapura Industrial Estate
Distt. Panchmahals , Gujrat
|Marketing Office||General Motors India
Sixth Floor, Tower-'A'
Global Business Park
General Motors Corporation is the largest automaker in the world. It has manufacturing facilities in 33 countries. In 2005 alone, 9.17 million General Motors' cars and trucks were sold globally. Today, it employs approximately 324,000 people around the world. Its vehicles are sold in 200 countries. The major markets of GM are North America, Europe, Asia Pacific, Latin America, Africa and the Middle East. The company is investing aggressively in high technology and e-business.
General Motors is the major shareholder in GM Daewoo Auto & Technology Co. of South Korea. The company has product, powertrain and purchasing collaborations with the Suzuki Motor Corp. and Isuzu Motors of Japan. It also has advanced technology collaborations with DaimlerChrysler AG and BMW AG of Germany and Toyota Motor Corp. of Japan. With several automakers globally, GM has vehicle manufacturing ventures. The companies are Toyota, Suzuki, Shanghai Automotive Industry Corp. of China, AVTOVAZ of Russia and Renault SA of France.
In India, General Motors was incorporated in 1994 as a 50-50 joint venture company with the C.K. Birla Group of Companies and in 1999 it became a fully owned subsidiary of GM. It was converted to Private Limited Company from Public Limited. Currently the company holds 86 per cent of voting shares, and Holden (Australia) holds 14 per cent.
GM strengthened its presence in India with new product launches Chevrolet Optra in 2003 and Chevrolet Tavera (Multi Utility Vehicle) in 2004. The existing General Motors plant was originally built by Hindustan Motors (HM). The company entered into a 50 per cent Joint Venture with HM and modernized the 45,000-square-meter near Halol, 45 kilometers northwest of Vadodara (west Gujarat). This plant produces the Opel Corsa, Corsa Sail, Chevrolet Optra, and Chevrolet Tavera. The Chevrolet Forester and Opel Vectra are sold as Completely Built in Units (CBUs) and as imported from Japan and Germany respectively.