General Motors warns Maharashtra govt’s move to block its exit could hit investment
General Motors stopped selling cars in India at the end of 2017 after years of low sales. Reuters January 24, 2021 / 09:38 AM IST
Maharashtra government’s move to block General Motors (GM) from shutting a plant and exiting India defies the state’s business friendly image and sends a “concerning message” to potential future investors, the United States automaker said on January 22.
General Motors’ comments came after earlier this week Maharashtra rejected their application to cease operations at its plant in the state amid protests by workers who demanded GM continue production or keep them on the payroll indefinitely, according to local media.