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.