GM’s $1 billion India investment put on hold

  • Published By: Droom
  • 24 January 2017
  • 915 Views

The company is reviewing it full product portfolio before investing in new products in order to provide value to its shareholders.

It might be a while before we’ll get new cars from General Motors. That’s because the carmaker has put investments on new models on hold here, and is currently reviewing its future product plans for India.

Earlier in 2015, GM had announced an investment of $1 billion in India, and had plans to roll out 10 new models by 2020.

The investment was to be made at the carmaker's Talegaon plant, near Pune, to ramp up production, while the company’s Halol plant in Gujarat was to be shut down.

The 10 new models included the Trailblazer SUV (launched in October 2015) and the Spin MPV in early 2017. While the company has shelved the launch of the Spin MPV, the Hyundai Elantra rivalling Cruze, the new Beat hatchback, and a Beat-based notchback – the Essentia – are being considered for India.

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