General Motors may be rumoured to file bankruptcy in its home country but in India, it is going ahead with its planned schedule. The company aims to launch more cars in India and make India as its manufacturing export hub for its small cars and power trains.
General Motors is working on its plans to start its engine production plant in Talegaon in Maharashtra. According to the company schedule, the plant will be operational by mid-2010. The company has invested a sum of USD 510 million in the plant which will begin producing both petrol and diesel engines after the enhancement goes as scheduled.
In the first phase of investment, the company will build power trains to meet its domestic as well as overseas demands. It intends to export the engines for the GM cars being manufactured worldwide.
Apart from engines, General Motors also intends to launch new models this year. It has recently launched an upgrade version of Chevrolet Captiva and now intends to bring Chevrolet Cruze and M300 to India.