New Delhi: One of the early entrants into the Indian market, General Motors Co. on Thursday said that it will cease its sales operations in India and focus on exports from the world’s fastest growing passenger vehicle market.
“The company will focus its GM India manufacturing operations on producing vehicles for export only…,” GM International said in a statement.
Existing Chevrolet customers will continue to be supported in the market, the company said. Across affected markets, GM is working with employees, their union representatives and local authorities to provide transition support.
The move is aimed at driving stronger financial performance and focus its capital and resources on business opportunities expected to deliver higher returns.
GM also said that it will offload its South Africa manufacturing to Isuzu Motors.
Read more at: