New Delhi:
With General Motors closing Halol plant in Gujarat on Friday, speculations are rife that the automobile major is shifting its focus from India to China. The Halol plant was operating for a decade. GM is now having its contemporary facility at Talegaon near Pune operational.
The company’s move to call off its $1 billion investment plans for India is also an indication that GM is not having Indian market on priority. The company seems to be in no mood to grow its presence in India.
However, the move is not in tune with the fact that along with US and China, India is third most important automobile market in world. Perhaps, the company wants to further grow its prominence in China where it is among the leading players with Volkswagen. Hence, shifting focus from India to China.
With the closing down of Halol plane, some quarters are also having a view that GM may completely withdraw Indian market and eventually bring curtains to Talegaon plant as well. GM has been in Indian market for long but has so far failed to dominate it amidst stiff competition from other players.
Also read: Passenger vehicle exports from India up 15.38 per cent; Ford, GM lead
