GM India

General Motors posted strong financial results for its first quarter on Tuesday, but says it will reassess its expectations for 2025 due to auto tariffs. The automaker is pushing back its conference call to discuss its guidance and quarterly results until Thursday, so that it can assess potential tariff changes. GM said that its initial full-year financial forecast doesn't contemplate the potential impact of tariffs. In January the company announced that it anticipated 2025 adjusted earnings in a range of USD 11 to USD 12 per share. Late Monday The Wall Street Journal reported that President Donald Trump will possibly be dialling back on automotive tariffs, with anonymous sources claiming that he'll stop duties on foreign-made cars from piling on top of other tariffs he implemented and easing some levies on foreign parts used to make cars in the US. General Motors earned USD 2.78 billion, or USD 3.35 per share, for the three months ended March 31. A year earlier it earned USD 2.98

Almost 200 activists gathered outside the Directorate of Mustard Research in Bharatpur (Rajasthan), calling for halting the approvals

Tencent, GM and SAIC's joint venture SAIC-GM-Wuling did not immediately respond to requests for comment

At present, around 20 dealers have an inventory of 800-1,000 cars, said a source

The Chinese buyer is not ready to absorb the current set of workers

The rethink comes as GM's India sales have fallen nearly 40% in the year to end-March, and its share of the domestic passenger vehicle market is now below 1%