GM`s Pune plant to facilitate GM-DAT

Sourced By: IRIS

General Motors` new plant at Pune will be part of the production hub for GM Daewoo Auto & Technology (GM-DAT) which already supplies a pool of products for the Indian market. India will be part of GM-DAT`s global manufacturing resource and the products could go anywhere, said GM Asia-Pacific president Nick Reilly. The new plant has a ramp up possibility of just short of 300,000 units.

The greenfield plant`s immediate focus will be on the domestic market with the mini-car (namely Chevrolet Spark). It would, however, also feed GM-DATs larger production pool later.

General Motors India was formed in 1994 as a 50:50 joint venture between General Motors Corporation and the C.K. Birla Group of Companies. The company is targeting a turnover of USD 375 million during the year, up by USD 208 million from last year.

* Q - Quote , N - News , C - Chart , F - Financials