General Motors might setup an engine and powertrain plant in India

General Motors might setup an engine and powertrain plant in India

World’s largest maker of automobiles General Motors has said that they are considering setting up an engine and powertrain plant in India.

The company has big expansion plans for India where they have shown impressive growth in the recent times.

Nick Reilly, president of GM Asia-Pacific said in a statement: “It is an objective … We will make a decision in the next six months.” The company has already setup their second automobile manufacturing plant in the country as they aim to meet up the growing demand for their cars.

GM has already said that they would be investing more than $300 million in the Talegaon plant for an initial capacity of about 140,000 units. The company has stated that they are aiming to achieve 10% market share in India by the end of the decade.

Chevrolet SRV

Reilly added: “This facility represents a key part of GM’s strategy of establishing a presence in a fast-growing market. With the exception of China, we don’t expect any other market to grow as quickly.”