If reports are to be believed, General Motors owned Chevrolet plans to wrap up its operations in India soon. While an official statement is yet to be released, it is said that an announcement will be made in May 2017 (next month). The company has been reporting huge losses for the past few years.
The American automobile manufacturer has not had quite a successful run in the Indian market and is currently using most of its resources here in order to cater to the export market. It is reported that the company has already stopped production of its popular sedan, the Cruze and will soon put a full-stop to the production at the Halol plant.
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Chevrolet is also said to have ended the production of all right hand drive vehicles at the company’s Talegaon plant and currently only manufactures the LHD Beat that would be exported to international markets. According to the report, the brand also plans to put an end to the production of the Tavera.
The news of Chevrolet planning to shut shop in India comes even as the automaker continues testing a few upcoming products such as the Beat facelift, Beat based Essentia compact sedan and the BS-IV emission compliant Tavera. We will wait for an official statement that is due to be made next month. Stay tuned for updates.
Source: Car India