General Motors India To Invest 400 Crore In Talega

Published: Monday, July 4, 2011, 15:08 [IST]

General Motors India (GMI) has announced an additional investment of Rs.400 to 600 crore at its Talegaon car and engine manufacturing facility as it prepares for the launch of a variety of new models over the next two years. The American carmaker said this fresh investment would facilitate the production of sedan in this plant along with doubling car and engine production to three lakh units per year.

P. Balendran, Vice-President, Corporate Affairs, General Motors India said: “Out total investment at Talegaon will go up to over Rs 2,200 crore after we invest the remaining amount within the next two years. The fresh investment is for new product programmes and addition of fresh manufacturing capacity in line with the market demand."

General Motors India's investment in Talegaon has already crossed Rs.1,800 crore. The plant has a production capacity of building 1.4 lakh cars and 1.6 lakh petrol and diesel engines a year. The Chevrolet Spark ad Chevrolet Beat are the models currently being manufactured here.

GMI's first plant is in Halol,Gujarat. The carmaker is converting the plant in to a global manufacturing hub for light commercial vehicles. It will soon start building commercial vehicles developed by its Chinese partner SAIC. The annual capacity at Halol is expected to be more than one lakh units resulting from an investment of around Rs.700 crore.

Article Published On: Monday, July 4, 2011, 14:22 [IST]

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