Rediff.com » News
General Motors to stop selling Chevrolet in India
May 18, 2017
General Motors Co will stop selling cars in India from the end of this
year, drawing a line under two decades of battling in one of the world's
most competitive markets where it has less than a one percent share of
passenger car sales.
The decision was announced as part of a series of restructuring actions
from the Detroit automaker on Thursday, and marks a significant blow to
India's strategy of encouraging domestic manufacturing.
GM says it would no longer market its Chevrolet brand - its only brand
of cars marketed in India - despite India's promise as a market set to
overtake Japan as the world's third largest in the next decade. But it
doesn't plan to leave India entirely.
It plans to keep operating its tech centre in Bengaluru and to refocus
its India manufacturing operations by making one of its two assembly
plants in India the one at Talegaon, about 100 km (62 miles) southeast
of Mumbai into an export-only factory. It plans to sell the Halol
plant in Gujarat to Chinese joint venture partner SAIC Motor Corp .
-- Reuters
© 2024 Rediff.com