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GM halts Indian investments; Current line up to be strengthened

GM halts Indian investments; Current line up to be strengthened
Desirazu Venkat Desirazu Venkat Wednesday 27 July 2016, 17:24 PM

General Motors, which owns the Chevrolet range of vehicles, has announced it will focus on strengthening its current lineup of vehicles and has put all other India related investment plans on hold. It has attributed the latter to a shift in customer preferences and uncertainty with regard to regulations.

This stop on investments includes the halting of a new modular platform that it is developing for India. This platform was expected to spawn a new family of budget vehicles which would make their way to similar markets.

The company, earlier this year, said that it was scrapping the Spin MPV for India and would instead bring a new India-specific Beat and the two Beat-based models that it had shown at the 2016 Auto Expo. These two are the Essentia compact sedan and the Beat Activ mini crossover. In addition it will over the next two years, bring to the India market, the Trailblazer facelift and the next-generation Cruze sedan.   

Chevrolet has been struggling with numbers in the last few months with its highest selling models being the Beat and the Tavera which have only sold between 500-700 units on a monthly basis since January.

 

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