General Motors To Stop Selling Cars In India

U.S.-based General Motors Co. announced on Thursday that it will stop selling its Chevrolet vehicles in India by year-end but the world’s third largest carmaker will continue to manufacture and export cars from the country.

The decision, which follows a comprehensive review of future product plans for GM India, is part of a series of actions taken by General Motors to address the performance of its operations worldwide, the company said in a statement.

“We explored many options, but determined the increased investment originally planned for India would not deliver the returns of other significant global opportunities. It would also not help us achieve a leadership position or compelling, long-term profitability in the domestic market...,” said Stefan Jacoby, executive vice-president of GM International.

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