GM India recently announced that they plan to invest an additional INR 400 to 600 crores at their engine and car manufacturing plant in Talegaon as they plan to introduce many new models in the following two years.
The additional investment will bolster the facility so that more sedans can be produced, and almost double the production capacities of both engines and plants to around 3 lakh units per year.
GM India’s VP of Corporate Affairs was quoted as saying that their total investment in their Talegaon facility will increase to more than INR 2,200 crores after they invest the remainder amount over the following two years. The additional investment is for their new product line up and to increase production capacity to meet growing market demand.
The American car manufacturer had already invested INR 1,800 crore in their Talegaon plant that currently has a production capacity of 1.6 lakh diesel and petrol engines and 1.4 lakh vehicles per year. As of now, the facility only produces small models like the Chevrolet Spark and the Chevrolet Beat.
This facility is GM’s second one after their facility in Halol that presently has a production capacity of 85,000 cars per annum. This plant is now being turned as a global centre for manufacturing LCVs. The annual production capacity at their Halol facility is also set to increase by more than 1 lakh units with the ongoing INR 700 crore investment.
GM India, in which SAIC, the Chinese auto giant has a stake of 50%, plans to introduce 6 new cars in multiple fuel options over the following two years. Of these, two will be LCVs – a flat bed pickup and a van, developed in association with SAIC, the remaining two are compact sedans, including a small car and a compact sedan developed at their India technical centre.