GM India to invest Rs600 Crore in Talegaon facility for new products
The Indian car market is expecting a lot of new models from various different car makers and joining this bandwagon is General Motors India. According to the reports, General Motors India might just invest a whopping amount of around Rs. 400 to Rs. 600 Crore in its Talegaon manufacturing plant, which is basically an engine and car manufacturing facility.
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This whopping investment in the Talegaon facility is expected to manufacture sedans along with doubling-up the engine and car plant capacity to around 3 Lakh units annually, which is definitely impressive. As per the VP of Corporate Affairs of General Motors India, Mr. P. Balendran, the full amount of investment in the Talegaon facility is expected to touch a mark of around Rs. 2,200 Crore, once the firm invests the rest of the amount in the next 2 years or so. However, the fresh investment that is being done in the Talegaon manufacturing facility is especially for the new products along with boosting up the capacity of Talegaon facility clearly because of the rising demand in the Indian Auto Market.
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If figures are taken into account, approximately Rs. 1,800 Crore has already been invested into the Talegaon manufacturing plant, which presently has the ability to churn out a total of 1.4 Lakh cars along with 1.6 Lakh diesels and petrol engines annually. However, by far, this manufacturing unit is only making small cars, like Chevrolet Spark and Chevrolet Beat. The Chevrolet Beat Diesel is also being manufactured here itself and the Chevrolet Beat diesel launch is expected to be in mid July 2011.
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The Talegaon facility of General Motors India is the second plant and has the capacity to churn out around 85,000 cars annually. The facility at this time being is officially transformed into an international manufacturing center for LCVs or Light Commercial Vehicles. The other plant of General Motors India is at Halol, which produces around 1 Lakh cars a year with a constant investment of Rs. 700 Crore.
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General Motors India in which SAIC (Shanghai Automotive Industry Corporation, who is a major Chinese auto major) has around 50% stake, aspires to launch in 6 brand new latest models, with diverse fuel option within next 2 years. According to the grapevine, the upcoming cars could be 2 LCVs, 2 sedans, one SUV and one small car.
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