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GWM has set aside 1 billion US dollars (over Rs 7,500 crore) for phased investments in the Indian market.
The Chinese carmaker will provide employment to 3,000 people at its Talegaon plant and Bengaluru R&D centre.
The company could also consider exporting cars from its India plant.
Chinese-origin carmaker Great Wall Motors has reaffirmed its commitment to India by signing a Memorandum of Understanding (MoU) with the Maharashtra government. The MoU officially announces the carmaker’s investment in the Talegaon plant, which was formerly owned by General Motors, and had been acquired by GWM earlier this year.
According to GWM, its plant in Talegaon along with its R&D centre in Bengaluru will generate employment for 3,000 people in the near future. The company has also earmarked an investment of 1 billion US dollar (over Rs 7,500 crore) for the Indian market, which shall be made in a phased manner.
Source Name : www.cardekho.com