Exit plan: GM may transfer Talegaon plant to SAIC

A GM India spokesperson denied that there were any plans of selling the asset

GM is paving the way for SAIC's India foray and the transfer of its facilities, including the one at Talegaon (pictured), is possibly a part of GM and SAIC's plan for emerging markets. Photo: Reuters

In an apparent move to exit India, American carmaker General Motors (GM) is learnt to be in talks to sell its Talegaon facility near Pune in Maharashtra. Multiple sources have said that talks are on with potential buyers for a sale or transfer and a deal might be struck by the end of this year. 

In May, GM had announced it would exit India by the