Ford and Fiat join GM to stall expansion in India

Vehicle manufacturers General Motors Company (NYSE:GM), Fiat Chrysler Automobiles NV (NYSE:FCAU) and Ford Motor Company (NYSE:F) are now part of the group of automobile companies that have stalled their investment plans in India. The three have been going through some serious brainstorming to launch their investment plans on a different platform in the country to combat their falling sales figures.
The decision to go back was prompted after falling sales figures and inability of these companies to attract the Indian consumers from buying their models. Falling sales figures of GM can be seen across the spectrum. The same has also been happening to Fiat Chrysler and Ford who have also been experiencing slow performance in India.
Since a majority of the models that these companies manufacture and market are diesel based, the problem has only aggravated since the country introduces new pollution minimization laws. Fiat Chrysler stated that the automobile industry in India is currently in a suspended verdict especially due to uncertainty over diesel models. This came after the National Green Tribunal (NGT) and other organizations claim that diesel has a bigger pollution footprint and have been discouraging its use. The three companies, therefore, feel that it is not the ideal time to roll out their India investment.