E-PaperSaic Motor Corp News
China’s Biggest Carmaker Posts 39% Drop in First-Half Profit
Net income fell to $1.2 billion in the six months through June while revenue dropped 25% to 274.5 billion yuanChina’s biggest automaker was hit hard by the coronavirus pandemic, which subdued demand and forced car companies to suspend production
1 min read27 Aug 2020Auto Expo 2020: MG unveils premium SUV Gloster
The British brand, owned by China’s SAIC Motor Corp, entered India market last yearBuoyed by the success of Hector, MG is gearing up to set up a second manufacturing plant
1 min read7 Feb 2020Chinese auto firms eye GM’s last plant in India
SAIC, Great Wall Motors in talks with GM to buy its Talegaon factory in MaharashtraSAIC and Great Wall are looking at new markets for expansion, given that China has reached saturation point
3 min read10 Nov 2019SAIC Motor’s India subsidiary MG Motor to roll out two SUVs in 2019
Chinese car maker SAIC Motor Corp firming up plans to set up a manufacturing plant in India, may buy General Motors's factory in Halol, Gujarat
3 min read8 Jun 2017China’s Great Wall Motor in talks for India entry
Great Wall would be first wholly-owned Chinese car maker in India
1 min read10 Dec 2012Mahindra, Dunlop among the shortlisted bidders for Ssangyong
Mahindra, Dunlop among the shortlisted bidders for Ssangyong
1 min read5 Jun 2010Asian stocks advance on robust China manufacturing
Asian stocks advance on robust China manufacturing
1 min read4 Jan 2010GM-SAIC India venture gets shareholders’ nod
GM-SAIC India venture gets shareholders’ nod
1 min read22 Dec 2009SAIC, GM in talks on cooperation in India
SAIC, GM in talks on cooperation in India
1 min read16 Oct 2009Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared