NEW DELHI -- General Motors is poised to sell its Indian plant to Hyundai Motor, after a chill in relations between New Delhi and Beijing derailed a deal with a Chinese automaker first announced over three years ago.
Hyundai Motor India said on March 13 that it signed a term sheet to potentially acquire a GM plant in Maharashtra, pending regulatory approvals. The South Korean automaker is second only to Maruti Suzuki in India's passenger car market and is also expected to use the factory as a production hub for exports.
