GM warns Maharashtra government's move to block its exit could hit investment
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Last Updated: Jan 23, 2021, 01:11 PM IST
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Synopsis
GM stopped selling cars in India, the world's second most populous nation, at the end of 2017 after years of low sales. It sold one of its two factories in the country to China's SAIC Motor Corp and continued to build vehicles for export at its second plant until Dec. 24.
Maharashtra's move to block General Motors (GM) from shutting a plant and exiting the country defies the state's business friendly image and sends a "concerning message" to potential future investors, the US automaker has said.