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General Motors puts $1bn India plan on hold

General Motors has put on hold a planned $1bn (£800m) investment in India as it reassesses its strategy in the country.

Its sales in India have fallen nearly 40%, and its share of the passenger vehicle market has also dropped. A regulatory crackdown on diesel vehicles has also led the company to rethink its plans.

More than 5,000 new cars are sold in India every day - and it is forecast to be the world's third biggest vehicle market by 2020.

The BBC's Shilpa Kannan reports from Delhi.

  • 26 Jul 2016
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