GM to Stop Selling Cars in India
GM WILL NO LONGER SELL CARS IN INDIA, BUT PLANS TO CONTINUE PRODUCING THEM IN THE COUNTRY
(CNN) – General Motors is reducing its footprint in India.
It was just two years ago that GM pledged to pour $1 billion into its India operations.
But now that plan has been scrapped, as the U.S. automaker plans to stop selling cars in India by the end of this year.
GM still plans to produce vehicles at its plant near Mumbai.
Those cars are primarily sold in Mexico, Central America and South America.
A second GM plant in India will likely be sold to a Chinese company.
GM spent more than two decades in the competitive India car market, but failed to make much of a dent.
Its Chevy brand has just one percent of the India market.