Struggling to make a turnaround in India, General Motors has put on hold its investments on new models for the country as the US auto major undertakes a full review of its future product portfolio in New Delhi. While announcing $1 billion investment for India in 2015, General Motors CEO Mary Barra had said the company would strengthen business in India, China, Mexico and Brazil through the development of a new family of vehicles known as Global Emerging Markets (GEM) platform. Currently, the company's arm General Motors India sells a range of vehicles, including hatchback Beat, sedan Cruze and multi-purpose vehicle Enjoy, among others. Exports continue to be an important aspect of our operations in India indeed," the spokesperson added. Currently, General Motors is in the process to sell its Halol plant in Gujarat to China's SAIC Motor Corporation after it decided to stop production there as part of consolidation of its manufacturing operations in India.

Source: dna January 22, 2017 12:55 UTC