31 Jul, 2015
In a bid to stem mounting losses, US-based auto major General Motors on Wednesday said it will restructure operations at its Indian subsidiary by ceasing operations at its facility in Halol, Gujarat and instead invest in consolidating operations at its other unit in Talegaon, Maharashtra. GM is the first major auto maker in the last few years to pull out of Gujarat, at a time when all other manufacturers from Maruti Suzuki, Tata Motors, Honda Cars India to Ford India have made a beeline to invest in the state. GM CEO Mary Barra said, “We want to have a sustainable, profitable business in India. I think we are making the necessary changes in India for the long term with a business that has sustained profit.” GM has installed capacity of 1,10,000 units in Halol and 1,30,000 units at Talegaon currently.