The news may be surprising to car lovers and people outside India, but an Indian won't be so much surprised. Because how come a company can be run at a loss. They are even going to shut down their South African Plant. Chevrolet had such a notorious after sales service and their car's designs are not so adorable to Indians. Maybe Americans may like such boxy designs but Indian need some curves. Oh sorry, a Lil off topic. Even Chevrolet staff don't use their cars. That's the funniest part about GM marketing. The only customers having Chevrolet cars have become the Indians who reside in the US. They may book a car when they are here on vacations as part of their American dreams or experience, whatever it may be called.
GM should at least learn from their past failures. They had an utter failure on Opel brands and Daewoo stuff. Actually, the failure of those cars was nothing but a bad service and untrained service team. They should learn from Toyota, how to make and serve the customers, or at least just open their eyes and watch those Hyundai people how they manage to sell cheap crappy cars with just amazing but non-lasting designs and aesthetics.
The only Chevrolet car people in India don't hate is the powerful Cruze but one who owns it may regret for 1000 times after having two periodical services by Chevy. Chevrolet made many service offers in last two years but still what is the use without a quality service. They are better to run away from India as fast as they can.
Anyway as a company it is a total shame to General Motors to withdraw from such a large market instead of addressing their fault.
Market dynamics and changing regulations: The Indian automotive market underwent significant changes in recent years, including the implementation of stricter emission norms and the shift towards electric and greener technologies. These changes required substantial investments and adaptation, which might have impacted Chevrolet's decision to exit the market.
It's worth noting that the challenges faced by Chevrolet in India are specific to the brand's operations and circumstances. Other automotive brands have found success in the Indian market by understanding local preferences, offering competitive products, and building strong brand equity and customer relationships.