Companies
Pune - General Motors (GM) Corp, which aims to increase its market share to 10 percent by 2010 in India, has announced that it will ramp up its manufacturing facilities by investing more than $200 million in a powertrain plant in Talegaon, Maharashtra.
1 of 2 
The facility, expected to be complete by the first quarter of 2010, will have an annual production capacity of 160,000 units that can be expanded to 300,000 units, GM said in a statement.
GM's auto plant in Talegaon is set to be operational this week and around 140,000 vehicles are expected to roll out every year, taking GM's all-India annual capacity to 225,000 vehicles.
The company has a plant in Gujarat from where it makes the Chevrolet-badged Tavera, Optra, Aveo and Spark and a technical center, including a design studio, in Bangalore. It imports the popular sport utility vehicle (SUV) Captiva.
Karl Slym, president and managing director of GM India, said the company is working on the design of its new small car, which it plans to launch in 2009.
The company has plans to roll out the small car from its new plant at Talegaon, Slym said, adding that the small car will be sold in India and exported to other emerging markets.
Don't expect the expected from Dibakar Banerjee.
A top U.S. official on Monday urged India and other large emerging economies to ...
© 2010 The Ibtimes Company. All Rights Reserved.
Partners
EMAIL
PRINT
RSS
SHARE
