General Motors Exits Indian Market Will Focus Only On Exports
All Chevrolet Cars to be discontinued by the end of 2017 however Chevrolet will provide after sales service to their existing customers
The rumours of Chevrolet exiting Indian market were doing rounds on the internet for quite a long time. Now, finally, those rumours come true Chevrolet officially announced their departure from the Indian market yesterday although General Motors did say that their focus in India will now only be on exports.
General Motors Telegaon assembly plant, will remain open and will be used as the export hub. As a result of their exit from Indian market General Motors now will slowly stop selling the Chevrolet cars in India by the end of the year 2017. Chevrolet cars like the Beat, Sail twins, Cruze and Trailblazer SUV will be discontinued from the Indian market by the end of this year. GM has already stopped operation of their Halol facility in April 2017. We are still not sure what forced General Motors to take such big decision, but we could certainly blame its poor sales figures and lack of new products as the main reasons.
Stefan Jacoby, GM executive vice president and president of GM International, said, "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. 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." He also included that their decision in strengthening the performance of their GM international operation and establishing GM as a more focused and disciplined company.
However, The GM official assured that they would keep supporting their customers, employees, dealers and suppliers. They will also continue to provide warranty, and also after sales support. The customer support centre of Chevrolet will also remain open and will provide regular services. The GM technical centre located in Bangalore which handles the global work for GM, however, isn’t affected by this decision.