All chevy fans out there!! Chevrolet officially signing off from India

[Pralay]

Good evening folks!!

To all the prospective car buyers out here!! Big news for the Indian Auto Industry & all the chevy fans!!  Chevrolet quits India. Yes, you’ve heard it right; the Detroit automaker announced this development today, putting a full stop of all the speculation about the company’s business in India.

 

Big Highlights as per the news are:-

 

 

1. Chevrolet will stop selling cars in India by the end of this year

2. The Talegaon plant will continue manufacturing cars for export markets

3. The Beat and its derivations will not be launched in India.

 

Upcoming Beat:

 

 

 

The company sold just 25823 units in the last fiscal year and its market share has dropped below 1 per cent in India. Source added.

"We are not giving up benefits India offers as a local cost manufacturing hub with an excellent supplier base which is extremely competitive," Stefan Jacoby, GM's chief of international operations, said in an interview as per the news

 

.

It means, we may not see the new beat which is about to launch in July 2017. Very sad news for all the chevy fans. Personally I liked the “cruze” very much.  However, does it mean that a hefty discount will be giving to clear off all the stocks at dealership? Only time will tell. But there’s a chance. Though it will be a tough decision to invest in a brand which already announced its exit from the country.

 

This decision does affect that current owners of Chevrolet cars as well and for those who are wondering what will happen to their cars, well the company says that "Chevrolet customers can rest assured the customer support center will remain open and all warranties and service agreements as well as ongoing service and parts requirements for all vehicles will continue to be honoured."

 

It will also continue supporting its customers with service and spare parts as well as honour warranties. Mind you, there will be no fresh warranties issued anymore. The news added.

 

What do you feel,

1) Whether company will give hefty discount to clear off its Finished Inventory?

2) Do you think to get hefty discount, it would be good decision to invest in the brand, which already declared to exit from India?

 

Comment down below to have a discussion which may help a new buyer!!

 

 

Cheers!

Pralay

Contents here produced as per the news. Picture courtesy: Google

[Gowtham]

Bad news for car lovers.

 

Car enthusiasts can get Cruze at through away price.

Can be used as project car.

 

[Pralay]

Yes.. That's why i have seen atleast 3 brand new cruze last week.. I thot, sad the owners don't know, that company is going to exit from india. But it seems they are smarter than me..!! [emoji12]


Globally it's a strong brand (atleast as compare to the popular brands of our country). Don't know, why they ignored Indian market. They hardly launched new products, services are not popular as well, dealers are always clueless.. Very pathetic. Earlier opel, now chevy.. GM never taken Indian market seriously.

Cruze, beat had all the elements of success. If Renault can play successfully in India with only 2 popular models, why can't chevy?? Their exit further narrows our choice and boost monopoly, which is not al all good.

Cheers!
 

[Gowtham]

1 hour ago, Pralay said:

That's why i have seen atleast 3 brand new cruze last week.

Bad luck and lack of knowledge.

In my office someone bought a brand new Cruze last month.
I heard he got good discount. I think 5 years down the lane, it is tough to sell it.

I have following questions in my mind.
1. For Chevy owners is it a right time to sell their cars?
2. Poor resale?
3. Will Chevy continue the service?
4. Will Chevy provide genuine spares in the open market?
5. Is it a right time to buy used Chevy at cheap price?

 

 

[sagar]

Great report Pralay. You have been really swift in action to put up a post on this  

Though GM has a bad market in the country, their exports have tripled in the last few years and hence they will be continuing to work in India on exports.

[Pralay]

31 minutes ago, Ranger said:

I think 5 years down the lane, it is tough to sell it.
 

Even today also, once the news spreads I think it will be really tough to get a good price for the car.

 

Quote

I have following questions in my mind.
1. For Chevy owners is it a right time to sell their cars?
2. Poor resale?
3. Will Chevy continue the service?
4. Will Chevy provide genuine spares in the open market?
5. Is it a right time to buy used Chevy at cheap price?

 

1. I feel they should, at least old cars. more they delay, less the resale value they will get

2. I dint get your point buddy.

3. Thats what they prmised at least; but question remains, how far they can keep the promise! The service is not that good even today, when the company operates. imagine how far it will be good after winding up its production for India!!

4. That's good point.

5. Very tough decision. For me at least. 

[Pralay]

8 minutes ago, sagar said:

Great report Pralay. You have been really swift in action to put up a post on this  

Though GM has a bad market in the country, their exports have tripled in the last few years and hence they will be continuing to work in India on exports.

 

He he, just the urge to share with you guys!

And yes, globally GM has great presence. That's what the point. why they ignored India? 

[sagar]

They have been having a really bad marketing strategy, after sales and also service maintainance in the Indian market and that's what has dragged them down to hay. Their sales figures have been really bad for over a decade except for the Chevy Beat and the Chevy Cruze which had an avg. run when compared to it's other models but, I still call it below average. Finally they quit which I still feel it has been a hasty one coz, Fiat has been surviving infact fighting hard to survive for years more than General Motors has been suffering which has always got better numbers than Fiat. Yes, I say it's
been a hasty decision.

[Gowtham]

Yeah, lack of new lineup is one of the main reason.

Getting Chinese twins (sail) into Indian market is a bad idea.

Tavera pollution scandal.

Fiat has been surviving infact fighting hard to survive for years more than General Motors has been suffering which has always got better numbers than Fiat. Yes, I say it's
been a hasty decision.

We can't compare Fiat with GM.
Fiat is minting money on engines.

Most of the top selling cars in India run on Fiat engine, no wonder it is called a national engine.

[sagar]

It has been a special mention on the car sales figures between Fiat and GM in number above and so was the discussion ?

[Pralay]

7 minutes ago, sagar said:

They have been having a really bad marketing strategy, 

That's very true. No plan was visible to compete in the market. Type o laid back attitude. No new model, no meaningful facelift, nothing!

 

Quote

Fiat is minting money on engines.

Most of the top selling cars in India run on Fiat engine, no wonder it is called a national engine.

  

Very correct. I have seen a post somewhere, that Fiat is actually making more profit than Maruti & Hyundai in India. Though numbers are very less, there % of bottom line with the top line is very high!

 

But what about Renault? They set the benchmark with kwid.

[Gowtham]

It has been a special mention on the car sales figures between Fiat and GM in number above and so was the discussion ?

Profits play a huge role.

Yes, Fiat sales are pretty low.

They don't care as long as they are making money.

Chevy is in huge loss.

[sagar]

I won't agree with that, benchmarks are always set by maruti suzuki sadly.
I feel we Indians are responsible for this. Any wagon they release becomes a benchmark to the rest and Hyundai will the first one to re-engineer on the Suzuki's packaged benchmarks and release a new model in no time with a not so boring design as maruti suzuki

[Pralay]

I won't agree with that, benchmarks are always set by maruti suzuki sadly.

I feel we Indians are responsible for this. Any wagon they release becomes a benchmark to the rest and Hyundai will the first one to re-engineer on the Suzuki's packaged benchmarks and release a new model in no time with a not so boring design as maruti suzuki

[emoji1] [emoji1]

But with kwid, you can't deny Renault is the first one who came up with touchscreen with built in navigation in the segment. High GC. These are still missing in the segment above cars.. Isn't it?

Cheers!

[sagar]

Well, definitely yes when the bells n whistles are considered [emoji23]

[balag]

I have been expecting this for the past 2 years. Looking at it's sales figures in the Indian arm from 2014, the company's losses were four times its net worth. Though cars like the Spark, Beat and Cruze did manage to sell in satisfactory numbers in their initial days, GM lacked of new launches or updates to the existing line-up. Also, the after sales experience are believed to have caused the sales of the company's cars to eventually drop.