Buzz around GM's India exit gets loud as it loses market share at fast pace

During April-February 2016-17, it roughly sold 13 cars per outlet per month

Sohini Das  |  Ahmedabad 

Speculation is gaining ground that US-based car major General Motors (GM) is contemplating exiting India in the context of the company’s fast-reducing market share, which is now 0.94 per cent in the country. Its dealers are in an exit mode, with the carmaker not giving any indication on its product launches. Sources said GM could sell its Talegaon assets to a global player, which might contract-manufacture cars for it. A curious case is of dealerships: From 223 sales outlets in November 2015 to 168 outlets at present. Sample this: Renault India, a late entrant to the Indian ...

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Buzz around GM's India exit gets loud as it loses market share at fast pace

During April-February 2016-17, it roughly sold 13 cars per outlet per month

During April-February 2016-17, it roughly sold 13 cars per outlet per month Speculation is gaining ground that US-based car major General Motors (GM) is contemplating exiting India in the context of the company’s fast-reducing market share, which is now 0.94 per cent in the country. Its dealers are in an exit mode, with the carmaker not giving any indication on its product launches. Sources said GM could sell its Talegaon assets to a global player, which might contract-manufacture cars for it. A curious case is of dealerships: From 223 sales outlets in November 2015 to 168 outlets at present. Sample this: Renault India, a late entrant to the Indian ... image
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