With the number of rumours doing rounds in the market, it is believed that General Motors is looking to quit from the domestic market in the future due to low sales and increasing operational losses. Another speculation that has surfaced states the company will phase out Chevrolet cars from India in next three to six months with an official announcement to follow soon in the future. However, the company will launch the facelifted version of Beat hatchback in the country prior quitting the Indian market. It is believed that the company has manufactured about 2000 units with right hand version of the new Beat facelift, thus, the car maker will be looking to clear out the inventory.Also Read - COP26: Ford, Mercedes-Benz, JLR, GM, Volvo To Stop Sale Of Petrol, Diesel Vehicles By 2035

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However, the car manufacturer will focus more on exporting the left-hand driven vehicles of the Beat to the international markets. As senior officials from General Motors have arrived from Detroit and Singapore for a meeting in Gurgaon which will decide the fate of the employees. The market speculations also indicate that the company might continue to employ the service staff for the next 2 years for catering the after sales needs of the existing buyers. It is also rumoured that Chevrolet India is also looking to make a service agreement with Mahindra wherein country s leading SUV maker will provide services to GM vehicles for the next couple of years. Also Read: New generation Chevrolet Beat India launch likely in July 2017 Also Read - Renault appoints Venkatram Mamillapalle as India head, Sumit Sawhney to take up global role

GM have already stopped its production at Halol plant in Gujarat and the Talegaon facility in Maharashtra is the only operating facility that might be employed as an export facility in the future. The company will also be looking to brainstorm on the possible severance packages to the existing employees as they will be affected by the shutting down of its domestic functioning.

Source: TeamBHP