General Motors, the US based carmaker has announced that it will shut down its operations at its plant in Halol, Gujarat. General Motors was one of the first automaker to enter Gujarat, back in 1996.
The company said it will invest USD 1 billion in its plant in Talegaon, in Maharashtra as a part of a plan to invest USD 5 billion over a period of time to develop a global family of Chevrolet vehicles. Chevrolet plans to do this with Shanghai Automotive Industry Corp (SAIC), GM's primary partner in China.
In 2010, 2011 and 2014, General Motors faced labour problems at its Halol plant. The protests were against poor working conditions and pay.
Shutting down operations at the plant in Gujarat will be complete by the end of 2016.
In a pursuit to double its market share in India, General Motors has plans to launch 10 domestically manufactured vehicles over the next five years in India. The company is looking to double its market share in the country by 2020.