General Motors expects to be profitable in India in five years
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As it cuts costs and works towards increasing local content in its cars,
"In the next five years, I should definitely make it to a green balance sheet," GM's India Managing Director,
Even after two decades in India, GM's sales are falling and it is still losing money. It lost Rs 38.5 billion ($581 million) in India in the year to March, a company filing with the corporate affairs ministry showed. ($1 = 66.2550 Indian rupees)
Image credit: Indiatimes
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