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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?

Swapna Amin
premium

Swapna Amin

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