CURRENT AFFAIRS

Detailed explanation-1: -Mahindra weighs acquisition of GM’s Talegaon factory.

Detailed explanation-2: -Mahindra has announced capacity expansion at its existing factory in Chakan. GM’s Talegaon plant is just about 20 km from Chakan.

Detailed explanation-3: -The GM plant in Talegaon is spread across 300 acres and has the capacity to produce 1, 65, 000 vehicles and an engine plant to make 1, 60, 000 engines.

Detailed explanation-4: -GM Exits India The move came after GM’s efforts at expanding its market share in the country failed to gain much traction. GM started on a successful note in India with its Opel cars and later on with Chevrolet cars but it failed to sustain the momentum due to its lack of consistency in leadership, brands, and models.

Detailed explanation-5: -Poor product planning and failure to adapt to the market proved to be their undoing. With General Motors, another American company, it was not a case very different from Ford India, even with the former’s small car Spark, which had the potential to do well. Clearly, they failed to read the market just like Ford.