By Taruka Srivastav

Post demonetisation, the sales ride has been quite a bumpy one for passenger vehicle buyers. General Motors, after ceasing its Halol plant (in Gujarat) in April, is now set to bid farewell to the Indian market. The reason being poor sales.

In a press release Stefan Jacoby, 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 Read full story ›

Source: The Drum