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The ripple effect in the Indian auto industry

Will more MNC carmakers follow the footsteps of GM, which has decided to stop retailing in India?

Topics
Automotive

Swapna Amin 

Ever since General Motors Co (GM) has announced its decision to stop retailing cars in the country, there has been a huge turmoil amongst dealers and customers. The twenty year old company in India has decided to only focus on exports from its Pune factory resulting in a huge fear of job losses in the coming months. Since the auto sector is a major employment generator accounting for about 29 million direct and indirect jobs in India, it certainly raises some pertinent questions such as what or who next after GM? Are multinational car companies struggling with sales in India? Will ...

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First Published: Thu, June 29 2017. 14:15 IST
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The ripple effect in the Indian auto industry

Will more MNC carmakers follow the footsteps of GM, which has decided to stop retailing in India?

Will more MNC carmakers follow the footsteps of GM, which has decided to stop retailing in India? Ever since General Motors Co (GM) has announced its decision to stop retailing cars in the country, there has been a huge turmoil amongst dealers and customers. The twenty year old company in India has decided to only focus on exports from its Pune factory resulting in a huge fear of job losses in the coming months. Since the auto sector is a major employment generator accounting for about 29 million direct and indirect jobs in India, it certainly raises some pertinent questions such as what or who next after GM? Are multinational car companies struggling with sales in India? Will ... image
Business Standard
177 22

The ripple effect in the Indian auto industry

Will more MNC carmakers follow the footsteps of GM, which has decided to stop retailing in India?

Ever since General Motors Co (GM) has announced its decision to stop retailing cars in the country, there has been a huge turmoil amongst dealers and customers. The twenty year old company in India has decided to only focus on exports from its Pune factory resulting in a huge fear of job losses in the coming months. Since the auto sector is a major employment generator accounting for about 29 million direct and indirect jobs in India, it certainly raises some pertinent questions such as what or who next after GM? Are multinational car companies struggling with sales in India? Will ...

image
Business Standard
177 22