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General Motors (GM) to stop selling cars in India

By Niranjan Mudholkar,

Added 18 May 2017

GM India manufacturing operations will produce vehicles for export only

As part of its international restructuring, GM has announced will focus its GM India manufacturing operations on producing vehicles for export only and will transition GM South Africa manufacturing to Isuzu Motors. GM's Chevrolet brand will be phased out of both markets by the end of 2017.

"As the industry continues to change, we are transforming our business, establishing GM as a more focused and disciplined company," said GM Chairman and CEO Mary Barra. "We are committed to deploying capital to higher return initiatives that will enable us to lead in our core business and in the future of personal mobility.

"Globally, we are now in the right markets to drive profitability, strengthen our business performance and capitalize on growth opportunities for the long term. We will continue to optimize our operations market by market to further improve our competitiveness and cost base."

These decisions were made following an extensive review of operations in GM International markets and reflect a series of actions taken to improve global business performance that began in late 2013.

"These actions will further allow us to focus our resources on winning in the markets where we have strong franchises and see greater opportunity," said GM President Dan Ammann. "We have compelling plans for growth in both the top line and the bottom line as we invest for the future."

GM Executive Vice President and President, GM International, Stefan Jacoby said the company is running its GM International markets with an enterprise approach and making decisions that are best for the global business.

"In India, our exports have tripled over the past year, and this will remain our focus going forward," he said. "We determined that the increased investment required for an extensive and flexible product portfolio would not deliver a leadership position or long-term profitability in the domestic market."

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