Investments worth over Rs 2,000 crore affected for dealers as automobile companies exit

In the last four years, close to five global automation companies have left India. This has affected over 450 dealers and resulted in a total loss of around Rs 2,485 crore.

In the last four years, close to five global automation companies have left India. This has affected over 450 dealers and resulted in a total loss of around Rs 2,485 crore in dealerships.

K Chandrashekar, owner of KLN Automobiles, is a dealer who suffered huge losses. In 2007, he had decided to go with General Motors (GM) as its dealer. The association went on for over 10 years before GM decided to shut its operations in India.