BackGM to convert Halol plant into commercial vehicle hub
GM to convert Halol plant into commercial vehicle hub
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New Delhi: General Motors India, the wholly-owned subsidiary of US auto major General Motors, will convert its car manufacturing capacity at Halol into a commercial vehicle plant, which will manufacture vehicles from GM’s Chinese —Shanghai Automotive Industry Corporation, a senior company official said on the sidelines of a summit on Tuesday.
“We are converting Halol plant in to a commercial vehicle hub by early 2012. We are preparing for manufacturing," said General Motors India president and managing director Karl Slym. “We are putting in $250 million (around Rs1,000 crore) for the purpose. This takes us to a new space and we are confident about the growth in this segment."
The company currently produces Chevrolet Tavera from its Halol facility. The company will increase the capacity of Halol plant from 85,000 units to 1 lakh units. “Basically, we are trying to increase the capacity and capability of the Halol plant," Slym said.
General Motors, majority-owned by the US Treasury after a $50 billion US taxpayer-funded bailout, plans to launch six new products adopted from GM’s Chinese partner Shanghai Automotive Industry Corporation (SAIC) over the next two years. “The products lined-up include pickup, van, hatchback, notchback, small car and SUV."
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