GM to stop selling vehicles in India, focus on exports

American auto major General Motors on Friday decided to stop selling its vehicles in India as there was no turnaround in its fortunes here after struggling for over two decades to make a mark.

The company will now focus on exporting vehicles from its manufacturing plant at Talegoaon in Maharashtra after it stopped production at its first plant at Halol in Gujarat last month.

The decision follows a comprehensive review of future product plans for GM India and is part of a series of actions taken by General Motors to address the performance of its operations worldwide, the company said in a statement.

It has also exited from four other international markets, including Russia and Europe.

GM Executive Vice President and President of GM International, Stefan Jacoby, said that after exploring many options the company determined that the increased investment originally planned for India would not deliver the returns of other significant global opportunities.

“It would also not help us achieve a leadership position or compelling, long-term profitability in the domestic market,” he added.


Leave a Reply

Your email address will not be published. Required fields are marked *

Make Correct Pattern to CommentWordPress CAPTCHA