General Motors has announced that by the end of this year, the company will shut India operations. This has left their dealers in a lurch, who are now scrambling to clear the existing stock.
As a last ditch attempt to recover their investment, Chevrolet dealers are selling cars at huge discounts. As per a report, there are more than 18,000 GM cars lying in stock at dealers as well as company yard.
The Chevrolet Cruze sedan, of which a minor facelift was introduced in late January 2016, will be discounted by upto INR 5 lakhs. Chevrolet Cruze also underwent a voluntary recall in September 2016 to fix a faulty ignition system. Top end variants were presented at a discount of INR 2.5 lakhs at the end of last year while variants were reduced to just two. Discounts of INR 5 lakhs being offered on this model now brings price of the LTZ MT down to INR 9.99 lakhs and that of the AT variant to INR 10.99 lakhs.
Company’s flagship Trailblazer SUV in India, is being sold at a hefty discount of upto INR 8 lakh, and is now being retailed at just INR 17 lakh. Besides offering discounts on Chevrolet Cruze sedan, GM is also bringing down prices of Chevrolet Beat by INR 85,000-1.25 lakhs. Buyers will now be able to avail a new Beat at INR 2.90 lakhs as against an earlier price tag of INR 3.95 lakhs.
All these discounts come with no strings attached. But the big question here is, will you buy Chevrolet cars? Especially when the company has announced that they will no longer serve the domestic market.
Following its exit announcement, the company has shut down its Halol plant, which has been sold to SAIC, its Chinese partner. Production operations continue from the company’s Talegaon plant exclusively for export markets. General Motors is reportedly in talks with Mahindra for sales and service to existing customers while the company has also confirmed that it will honor all warranties of vehicles sold and being sold till its exit.