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General Motors confident of India dealer settlement though half object to terms

GM concluded a first round of talks on Wednesday with its 96 India dealers, who operate 120 dealerships

Reuters  |  New Delhi 

General Motors Co is confident of reaching a settlement with dealers in India before halting sales in the country even though half say the compensation on offer is too low, people familiar with the matter said after the first round of talks. The US automaker last month said it would stop selling passenger cars by the end of the year after two decades in a market where it commands less than one per cent. It is now tasked with minimising fallout as it restructures its money-losing India operations, which will continue making cars for export. At the same time, the firm has had to ...

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First Published: Fri, June 09 2017. 16:45 IST