GM India announced president and managing director Kaher Kazem would hand over the reins of the company to chief financial officer Sanjiv Gupta from 1 September.

"Sanjiv Gupta is an experienced GM leader who has been a driving force behind our strategy. Sanjiv will continue to lead our plan to achieve better financial performance in India," said GM International president Stefan Jacoby.

Gupta said, "It is an honour to be leading GM India at such an important time for the business. I have the benefit of inheriting a strong leadership team. We are all aligned on turning around the financial performance and delivering an orderly business transformation that supports our customers, our employees and our partners."

Gupta will combine his role as GM India president and managing director with his finance management responsibilities.

Kazem will become president and CEO of GM Korea.

"GM India's transformation is on track," he said. "The overwhelming majority of dealers have accepted our transition package, we have begun exports of Chevrolet Beat sedans to Latin America, and our consolidation of manufacturing operations continues. This is the right time to hand over responsibility to Sanjiv, who will continue to lead the business transformation."

GM announced in May it would stop selling Chevrolet vehicles in India and move local manufacturing to export only products.

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