GM India unit to cut production on slow demand


MUMBAI, June 29 (Reuters) - The Indian unit of General Motors expects to stop production at its plants for one day a week until the festive season, due to slow demand, its head said on Thursday. General Motors India expects the car market to pick up by the Indian festive season in October, its President and Managing Director Lowell Paddock told reporters. General Motors, like many carmakers in India such as Ford and Renault, has seen sales slump in recent months due to high interest rates, ...

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