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General Motors To Expand Production Facilities
General Motors India Vice-President P Balendran while speaking to reporters said the company would be making an investment of $500 million in the two plants to increase production capacity. He added: “The production capacity at our Halol plant in Gujarat is being expanded from its present 85,000 units to 1.10-lakh units. Production capacity at our Talegaon plan would also be increased. Currently, it has a 1.40-lakh units capacity with the capacity to increase it to up to 3-lakh units."
General Motors India will soon start building new products developed by joint venture partner SAIC of China. Elaborating on this plan Mr Balendran said: “We plan to roll products of our joint venture with SAIC from this plant. These products will be utility vehicles which we plan to display at the Auto Expo. We will be investing $500-million on new products as well as expansion over two years."
General Motors India has entered the hugely competitive small diesel car market by launching the Chevrolet Beat diesel. It is targeting sales of at least 4,500 units per month. However GM India is not expecting bumper sales as the car market will get more sluggish with the RBI increasing interest rates. The carmaker is hoping the upcoming festive season will help boost sales.
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