U.S. automaker General Motors (GM) plans to invest US$ 200 million in a new powertrain facility at Talegaon in Maharashtra as the company expands its manufacturing facilities to tap rising demand in the South Asian region.

According to sources, the proposed engine plant will have an annual capacity of 1.6-lakh engines and it would employ 1,400 people.

The latest investment is in addition to $ 300 million the company has already invested for making cars in Talegaon. The... // Stock Watch

Worlds largest auto manufacturer, General Motors has announced that it is planning to invest USD 200-million for developing its first plant for car engines in India.

For building the proposed plant, the company has selected location at Talegaon, near Pune city, in the western state of Maharashtra, where it has already established USD 300-million vehicle manufacturing facility.

According to the sources, the engine plant will have capacity to produce 1.6 lakh engines which... // Stock Watch

General Motors (GM) has decided to invest $200 million (about Rs 870 crore) for engine, gearbox and transmission project. The engine project would be set up in Talegaon near Pune, Maharashtra.

The company has recently signed a memorandum of understanding (MoU) with the state government of Maharashtra. GM is the largest manufacturer of automobiles in the world with strong presence in almost all developed countries.

The proposed power train project would have an annual production capacity of 160,000 units and it would be completed by 2010.

The head of Indian operation of General Motors (GM), Karl Slym said that the company would set up more... // TopNews

General Motors has announced an investment of more than US$200m to set up a powertrain facility in India. The facility will be located at its second assembly plant in the country, in Talegaon, Maharashtra.

The plant will have an annual output capacity of 160,000 engines, with the capacity to expand production to 300,000 units, Reuters has said, citing a company statement. In this instance, GM India has not issued a press release via its usual media channels.

The new facility will produce both gasoline and diesel-powered engines, and is scheduled to be completed in Q1 of CY2010.

The announcement... // Automotive World

General Motors Corp ., the world's largest automaker, will spend more than $200 million to build an engine factory in India as part of a plan to improve market share in the second-most-populous nation. The proposed plant in the western state of Maharashtra will start by producing 160,000 engines a year. The capacity may be increased to 300,000 engines. The plant will help GM reduce the cost of importing engines, which makes its cars pricier than... // DetNews.com

Hindu (Enlarge photo)

SEIZING THE OPPORTUNITY: Vilasrao Deshmukh (centre), Chief Minister of Maharashtra with Karl Slym, President, General Motors India (left), and A. M. Khan, Principal Secretary (Industries), Government of Maharashtra, in Mumbai on Thursday.

MUMBAI: General Motors has formalised an agreement to build a new engine plant in Talegaon, Maharashtra. The initial investment in the new GM powertrain facility will exceed $200 million. This is in addition to more than $300 million already invested in the said facility to manufacture vehicles.

The engine plant will have an annual production capacity of 1.60 lakh engines, with the capability of being expanded to three lakh engines annually. The engine and the car manufacturing plant will employ more than 1,400 people in the same facility to begin... // Hindu

The proposed facility, which will be GM's second vehicle plant in the country, will have an annual capacity of 1,60,000 units, expandable to 3,00,000 units, GM said in a statement.

The troubled carmaker aims to double its share of a fast-growing but increasingly competitive Indian market.

The engine plant is expected to be completed in the first quarter of 2010, GM said.

GM had also announced that its proposed new small car would be... // Auto Insight

The powertrain facility would have an annual production capacity of
1.6 lakh engines, capable of being expanded to 3 lakh engines
We cannot remain a global industry leader
without a strong presence in the high-growth market of
India, said Karl Slym, General Motors India President
and Managing Director after signing an agreement for the powertrain
facility with the state government. This will enable us to capture more
opportunities in one of the fastest-growing vehicle markets in the
world. The company is also working on small-car project, which we
will be launching in India next year, Slym said. Our engineers are working on it in our
Bangalore centre. The small car will be for the global market.
GMs small-car would not compete with
Tatas Nano, he said. The company has a... // Livemint

(RTTNews) -  Thursday, the media reported that General Motors India, announced plans to invest $200 million in Talegaon, Maharashtra, to set up a powertrain facility. This would be in addition to $300 million that has already been invested for making cars in Talegaon, Maharashtra.

General Motors India President and Managing Director, Karl Slym signed an agreement for the powertrain facility with the Maharashtra Government and said that the company cannot remain a global industry leader... // RTT News

(Adds details of engine plant, comments from executive, background)

NEW DELHI -(Dow Jones)- General Motors Corp. (GM) will invest more $200 million in India to build its first plant for car engines as the U.S. automaker expands its manufacturing facilities to tap rising demand in the South Asian country.

The factory will be built at Talegaon, near Pune city, in the western state of Maharashtra, General Motors India Pvt. Ltd. said in a statement Thursday.

The automaker currently imports engines from South Korea and Australia for its Indian operations, and will be able to use the new factory to supply to its factories in the local market and overseas.

The plant will have an annual capacity of 160,000 engines that can be eventually expanded to 300,000 engines a year, it said.... // CNNMoney.com

MUMBAI, Aug 28 (Reuters) - General Motors Corp said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive market.

The facility, which will be located in Talegaon in western Maharashtra state at the site of GM's second vehicle plant in India, will have an annual capacity of 160,000 units that can be expanded to 300,000 units, GM said in a statement.

The plant will make petrol and diesel engines and is expected to be completed in the first quarter of 2010, it said.

'We cannot remain a global industry leader without a strong presence in India,' its India head Karl Slym said at a news conference to announce the signing of a memorandum of understanding with... // Forbes

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The facility, which will be located in Talegaon in western Maharashtra state at the site of GM's second vehicle plant in India, will have an annual capacity of 160,000 units that can be expanded to 300,000 units, GM said in a statement.

The plant will make... // Washington Post

MUMBAI -- General Motors Corp has said it would invest more than $US200 million in a powertrain plant in India, as the troubled US carmaker aims to double its share of a fast-growing but increasingly competitive market.

The facility, which will be located in Talegaon in western Maharashtra state at the site of GM's second vehicle plant in India, will have an annual capacity of 160,000 units that can be expanded to 300,000 units, GM said in a statement.

The plant will make petrol and diesel engines and is expected to be completed in the first quarter of 2010, it said.

"We cannot remain a global industry leader without a strong presence in India," its India head Karl Slym said at a news conference to announce the signing of a memorandum of understanding with the state government.... // Business Spectator

MUMBAI (Reuters) - General Motors Corp said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive market.

The facility, which will be located in Talegaon in western Maharashtra state at the site of GM's second vehicle plant in India, will have an annual capacity of 160,000 units that can be expanded to 300,000 units, GM said in a statement.

The plant will make petrol and diesel engines and is expected to be completed in the first quarter of 2010,... // Yahoo

India Infoline.com (Enlarge photo)

The US auto major plans to invest US$200 on the engine plant, which will have an annual capacity of 1.6-lakh engines initially

General Motors (GM) said on Thursday that it would invest US$200mn in a new engine facility at Talegaon in Maharashtra. The engine plant will have an annual capacity of 1.6-lakh engines which could be expanded to 3 lakh engines per annum.

The engine and car manufacturing plant will employ 1,400 people. The engine facility is expected to be completed by the first quarter of 2010.

GM, which makes the Chevrolet-badged Tavera,... // India Infoline.com

MUMBAI (Reuters) - General Motors Corp GM.N said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive market.

The facility, which will be located in Talegaon in western Maharashtra state at the site of GM's second vehicle plant in India, will have an annual capacity of 160,000 units that can be expanded to 300,000 units, GM said in a statement.

The plant will make petrol and diesel engines and is expected to be completed in the first quarter of 2010, it said.

"We cannot remain a global industry leader without a strong presence in India," its India head Karl Slym said at a news conference to announce the signing of a memorandum of understanding with the... // EasyBourse.com