Welcome to SAMAA TV
 
SAMAA SMS News Alerts
 
GM India to cut production on slow demand
Friday, June 29, 2012 5:17:19 PM | Comments (0)
GM India to cut production on slow demand

MUMBAI: The Indian unit of General Motors (GM.N) expects to stop production at its plants for one day a week until the festive season, due to slow demand, its head said on Friday.

General Motors India expects the car market to pick up by the Indian festive season in October, its President and Managing Director Lowell Paddock told reporters.

General Motors, like many carmakers in India such as Ford and Renault, has seen sales slump in recent months due to high interest rates, high fuel prices and slowing economic growth in Asia's third-largest economy.

Tata Motors (TAMO.NS), India's largest truck and bus manufacturer, closed one of its factories for three days this week to align production with demand, following a similar initiative from top carmaker Maruti Suzuki (MRTI.NS). AGENCIES

 
 
Watch SAMAA TV Live
India to launch ultra-cheap Nano car
Tata and BT sign 5-year deal on international calls
Tata secures private loan for Jaguar Land Rover
Independence Day reopening for Mumbai attacks hotel
India tycoon denies attack on 'lazy' UK workers
'World's cheapest car' tag backfires for Nano
Fiat cuts India distribution tie with Tata Motors
Tata Motors Jamshedpur plant to shut down for 3 days
Senate panel passes immigration bill; Obama praises move
Japan considers resuming talks with North Korea
Asian stocks cheered by Fed reassurance, yen awaits Bank of Japan
Congolese army, rebels clash for a second day, 19 dead
Miliband says Google tax behaviour 'wrong'
 
 
 
Post Your Comments
Note: SAMAA TV values your opinions and encourages you to add a comment to this discussion. Please don't be offended if we edit and/or remove questionable, off topic comments; SAMAA TV is not responsible for user comments.
Name:
 
Email:
 
 Leave a Comment:
 
Security Code:
 
 
User Comments
No comment(s) found.
 
     
SAMAA TV
UPDATES WITH
follow us on facebook
follow us on twitter
follow us on youtube
isamaa
subscribe for samaa email news alerts
samaa sms alert
samaa rss