Buzz around General Motors' exit from India gets loud

Dealers mull legal action if compensation is denied

Talks are gradually gaining ground that the US based car major General Motors (GM) is mulling a complete exit from India, more so as the company's market share in the domestic market now is an abysmal 0.94 per cent. The dealerships are in an exit mode with the carmaker not giving any clear indication on future product launches.

Sources indicate that GM might sell its Talegaon asset to a global player who might continue to contract manufacture cars for GM.

A curious case is of the dealerships; from 223 sales outlets in November 2015 to 168 outlets at present. Sample