General Motors is planning to invest Rs.1,000-1,200 crore to set up a power train (engine and gear box) manufacturing facility at its Talegaon plant near Pune.
The company is expected to sign a memorandum of understanding with the Maharashtra government for the purpose by mid July 2008. The power train plant will have a capacity to produce 2 lakh units per anum. Besides using the facility for manufacturing engines and gear boxes for the Spark model, the Talegon facility will be also used for export.
The company has already invested around Rs.1,400 crore in setting up the facility to manufacture the Spark model. The first car from the plant is expected to roll out from September 2008. The car manufacturing plant has a capacity of 1.30 lakh units per anum. |