GM plans power-train unit at Talegon
A Business Correspondent
Automobile giant General Motors is expected to sign an MoU
with Maharashtra government to set up a power-train manufacturing facility near
its Talegaon plant in Pune. The Rs 1,200-crore unit will manufacture engines and
gear boxes, with a capacity of two lakh units per year.
Meanwhile, GM is scheduled to begin commercial operations at its new car
manufacturing facility at Talegaon in September. Set up with an investment of Rs
1,400 crore, the plant will manufacture 1,40,000 small cars, including Chevrolet
Spark. Trial production began in March this year.
Work on Talegaon plant began in late 2006, following an MoU signed with
Maharashtra government in August that year. The Talegaon project is one of the
largest greenfield investments Maharashtra has attracted in recent history.
Once Talegaon facility goes fully commercial, GM, which began Indian operations
in 1996, will have a total capacity of 2,25,000 cars per year. GM's only other
manufacturing unit, at Halol in Gujarat, recently underwent an expansion in
capacity from 65,000 cars to 85,000 cars per year.
[August 18-24, 2008]