GM’s big gamble
World’s number one car maker General Motors is contemplating an engine manufacturing facility in India at an estimated investment of $400 million. The news came at an elaborate ceremony at Talegaon (near Pune), where the company is all set to establish a 145,000 unit facility to fuel its expansion plans in India. The company has plans to enter the high-volume mini car segment with the launch of Chevrolet Spark by the next calendar year and the new facility will be used for this purpose. The automobile company also plans to make India as the export hub for its Spark model. Since diesel propulsion has gained extreme popularity with the Indian public, GM is also thinking of adding diesel engines in its Indian production line. The Talegaon plant is expected to start production within the next two years.
Source: IIPM, 4Ps, B&E
posted by IIPM at 11:57 AM
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