The deal is now officially dead.
A deal several years in the making.
Production ended in December of 2020.
GM stopped sales in India in early 2018.
Brought on by COVID-19 and an ongoing border conflict.
It is believed to have sold the facility for $250 million to $300 million.
With massive population and rising vehicle demand, GM’s failure to catch on in India confused investors and analysts.
In offering the Corvette only in left-hand-drive, Chevrolet is missing out on plenty of global sales.
GM continues to support Indian customers, even while sales in the market are done.
Straight from GM President Dan Ammann.
GM will exit the Indian market, but continue to build cars there.
The move is being described as strengthening global business performance.
GM announced its closure earlier this year.
The General will end manufacturing at the plant at the end of April.
Workers will receive staggered raises over the timeframe of the contract.
The plant was initially slated for closure in mid-2016.
The automaker is shaking up production in India.
The Enjoy also arrives with no standard airbags in its base variant.
The SUV hasn’t been a hot seller in the market.
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