General Motors Co, in five years, expects to be profitable in India as it has cut costs and working towards increasing locally produced content for its cars.

GM said that it plans to invest USD 1 billion in July in India for the purpose of making it a global export hub and for launching new products even though it has cut its production capacity due to sluggish demand.

GM’s India Managing Director, Arvind Saxena said “In the next five years, I should definitely make it to a green balance sheet.”

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