BackGM opens second Indian factory
GM opens second Indian factory
PremiumTalegaon: General Motors Corp. (GM) opened a second plant in India today. The new plant will boost its production capacity in the country from 85,000 to 225,000 vehicles a year.
The troubled US auto giant invested $300 million in the new factory in Talegaon, a fast-growing manufacturing hub about two hours outside Mumbai, the nation’s financial capital.
GM last week pledged to invest another $200 million in an adjacent power train facility, which will eventually produce 300,000 engines a year for both domestic and export markets.
Growth in developing countries like Russia, China, and India has helped buffer the company from sliding sales in its home US market. In 2007, GM sales in India grew by 74%.
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