You are here: Home >> English News & Features >> BUSINESS & ECONOMY

End of road for General Motors in India

DNMUM388983 | 5/19/2017 | Author : Shahkar Abidi | WC :501

Co to stop selling vehicles here; will retain manufacturing unit and continue exports; 400 employees to lose jobs

Mumbai: Around 100 years after first entering India, the US-headquartered General Motors (GM) on Thursday announced exiting the country’s domestic car market.
Though the Mary Barra-led company will stop sales of Chevrolet vehicles in India by end of 2017, after-sales service commitment to the existing buyers will continue to be honoured.
The decision will lead to job losses for around 400 people, mainly at the Delhi centre where the company has its operations set up.
Industry analysts said the Indian market cannot be ignored, and therefore, the company may decide to return in some years, with a new market strategy.
GM had exited India in the late 1950s, only to return in mid-1990s.
The company had earlier plann
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

Associated Content with this story:

Aamir Ali
DNMUM454327
Add To Lightbox
Calculate Price
Aamir Ali
DNMUM454328
Add To Lightbox
Calculate Price
Aamir Ali
DNMUM454329
Add To Lightbox
Calculate Price
Aamir Ali
DNMUM454330
Add To Lightbox
Calculate Price
Aamir Ali
DNMUM454331
Add To Lightbox
Calculate Price