Health Care

GM to stop selling vehicles in India by end

GM to stop selling vehicles in India by end

General Motors said early Thursday it will stop selling vehicles in India - one of the world's largest sales markets - and will sell its South Africa business to Isuzu Motors as it aims to focus capital in areas that can drive stronger financial performance.

As GM moved to consolidate Indian manufacturing at its Talegaon assembly plant, the company ceased manufacturing at its Halol assembly plant on April 28, 2017. GM India's press note says that General Motors International had reviewed the performance of its Indian arm throughout 2016 and deemed it profitable to carry on exclusively with its exports rather than concentrate on selling its products here.

Kaher Kazem, President and Managing Director of General Motors India, said, "General Motors India's export business has tripled over the past year". "The inability to realign our operations to be a market leader and also attain higher returns on our global investment is the key reason for this harsh decision".

"Difficult as it has been to reach this decision, it is the right outcome to support our global strategy and deliver appropriate returns for our shareholders, Jacoby said". The customer support center will remain open and all warranties and service agreements, as well as ongoing service and parts requirements for all vehicles, will continue to be honored.

The company added that GM Technical Centre-India (GMTC-I) in Bengaluru will not be impacted by this announcement. GM India, which produces the left-hand-drive Chevrolet Beat at its Talegaon, Pune plant, exports the auto to many markets including Mexico, Chile, Peru, Central American and Caribbean countries, Uruguay and Argentina.

Various speculations and rumours doing rounds on the internet have already indicated that General Motors might quit the Indian market in the near future.

The company however did not give a timeline till when it will end it after sales service to customers. Recently, GM India began exporting new Chevrolet Beat hatchback to Mexico, Central and South American markets and will launch Chevrolet Beat sedan later this year for those markets, he said. Last month the company had stopped production at the Halol plant, a move that affected around 1,100 employees.

GM has been in talks with China's SAIC Motor Corporation to sell the plant. Its first stint in India dates back to 1928 when it assembled cars, buses and trucks under the Chevrolet brand. Years later, in 1995, it returned to India via an equal joint venture with Hindustan Motors and sold cars under Opel brand. The American carmaker said that it will focus on its growing vehicle export manufacturing operations in India. A few officials in the know-how also said that there were multiple options to survive in the Indian market and this includes either getting products tailor-made for the market here or to stop implementing global standards for the products being made for the local market.

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