Friday, August 29, 2008

General Motors Establishing Engine Plant In Talegaon -29 Aug 08

General Motors India is establishing an engine plant in Talegaon, Pune, near its car plant. The initial investment for the powertrain facility will surpass $200 million (Rs 874 crore). The engine plant will have an annual output capacity of 1,60,000, and it can be increased to three lakh engines a year. The GM India and Government of Maharashtra inked the MoU on Aug 28. This is in addition to $300 million the company has infused for the car manufacturing plant in the same location. With the investment in powertrain facility, GM''s total investment in India will be $1 billion. GM''s car manufacturing plant in Talegaon with an annual capacity of 1.4 lakh units, which is mainly meant for small cars, will be started on September 2. This will take GM''s total output capacity to 2.25 lakh. In addition to the Talegaon plant, GM has a plant in Halol, Gujarat, and a design centre in Bangalore.

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