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GM to invest $1 bn in India

NEW DELHI: US auto major General Motors today said it will invest $1 billion (Rs 6,400 crore) to turnaround its fortune in the country, but said it will close its manufacturing plant at Halol (Gujarat) to consolidate operations.

New Delhi, July 29

US auto major General Motors today said it will invest $1 billion (Rs 6,400 crore) to turnaround its fortune in the country, but said it will close its manufacturing plant at Halol (Gujarat) to consolidate operations.

The company said it will launch 10 new models from the Chevrolet family in the next five years.

This was announced here by the company’s CEO Mary Barra who met Prime Minister Narendra Modi earlier in the day.

The company will manufacturer it’s vehicles from Talegaon in Maharashtra going forward. — PTI

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