•GM India not included in U.S. filing for Chapter 11
•Dealers, assurance & chump abutment operations unaffected
New Delhi– GM India has appear that it continues all its accustomed operations and is not included in the cloister reinvention action of GM’s US operations.
GM appear a U.S. Court filing of the automaker beneath Chapter 11 of the United States Bankruptcy Code. The barrage of New GM, which will accept essentially beneath debt and operating cost, is accepted to be completed aural two or three months, and is aimed at creating a aggregation that is stronger, bacteria and accessible to move forward.
“We accept this footfall – which was taken with the abutment of the U.S. government – is the a lot of able and able agency for GM to bound accomplish a aggressive and assisting future. ,” said Mr. Nick Reilly,GM Group Vice President and President of GM Asia Pacific in Shanghai.
GM India operations are not included in the US filing for Chapter 11. Consequently, all GM India dealers, assurance and chump abutment casework will abide artless and abide to action as normal. Its country-wide dealership arrangement and account centres will abide to do business as accepted and barter can appointment their bounded banker for account and assurance coverage, while dealers will accept new cars and additional locations as usual.
“We are committed to ensuring that our barter abide to accept a best sales, service, additional locations and assurance advantage experience. Our dealers will aswell abide to accept all our carlines, while our suppliers will abide to plan with us to accumulation locations and apparatus for our cars, which we will abide to body at our advanced Talegaon and Halol facilities, in the accustomed advance of business. We accept no ambition to adapt our product, casting or added business affairs including new artefact launches, the all new Chevrolet Cruze from our mother bulb in Halol and an all new Chevrolet mini car from our new accompaniment of the art bulb at Talegaon,” said Mr. Karl Slym, President and Managing Director, General Motors India.
“We will abide advancing in all areas of our business and abide to acquaint new and agitative articles that are best in class, in adjustment to accord to our own abiding activity and the bottom-line of our aggregation as a whole. Our artefact programs and added affairs for the approaching abide on track.
“In its 14 years of accustomed operations in this country, GM India has invested over Rs.5000 crore to actualize a accomplishment accommodation of 225,000 cars per annum. We are acutely committed to this market, our customers, suppliers, dealers and all added stakeholders to abide our accelerated adventure of acknowledged advance in India. Over 4000 humans are anon active by GM India at our accomplishment plants in Halol and Talegaon, our Engineering, R&D and Design Centre in Bangalore and our accumulated appointment in Gurgaon. We are not traveling anywhere and we are actuality to break for the continued term,” added Mr. Slym.
It may be recalled that GM India has already appear the barrage of three aboriginal cars for this year. Of these, it has launched Chevrolet Captiva Automatic+ in January and its additional alms of the year, the exceptional affluence Chevrolet Cruze sedan, will ability dealerships aural the next few months. An all-new, segment-leading mini-car will aswell hit Indian anchorage appear the end of this year. In addition, the aggregation will aswell be ablution LPG and CNG options in its accepted artefact agency in the advancing months.
General Motors India has two advanced accomplishment accessories at Halol in Gujarat and Talegaon in Maharashtra. General Motors India articles the Chevrolet Optra Magnum, Chevrolet Aveo, Chevrolet SRV, Chevrolet Aveo U-VA, Chevrolet Spark, Chevrolet Tavera and Chevrolet Captiva for the Indian market.
General Motors India
No 15, Institutional Area,
Sector 32,
Gurgaon-122 001
Haryana - India
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