It seems that General Motors India is facing the heat as the carmaker has been lagging behind its competitors when it comes to attracting Indian car buyers. The Indian operations of Detroit, US-based brand have reported losses of over US$160mn during FY 2015-16. General Motors is one of the early foreign brands to operate in India back way in 1995 after the country went through its first wave of economic reforms. GM India sells models under its Chevrolet brand.
As a result of this performance, GM said last year that it was putting on hold its proposed US$1billion investment plan in India. This means, India’s loss could be China’s gain as GM is comfortable in that country. What’s more, it also seems that GM has started the process of slowly winding up some of its production units in the country.