General Motors Co (GM.N) expects to be profitable in India in five years as it cuts costs and works towards increasing locally produced content for its cars, the automaker’s country chief told Reuters. After two decades in India, GM’s sales are falling and it is still losing money, some 38.5 billion rupees ($581 million) in the year to March, a company filing with the corporate affairs ministry showed. GM said in July it plans to invest $1 billion in India to make it a global export hub and to launch new products, even as it cuts its production capacity due to sluggish demand.