GM to invest $1 billion in India

July 29, 2015 14:54

General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global auto manufacturing and export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday.
The investment is part of GM's plan to invest $5 billion over several years to develop a global family of Chevrolet vehicles with Shanghai Automotive Industry Corp (SAIC), the state-owned Chinese automaker that is GM's primary partner in China.
GM will also launch 10 new domestically manufactured vehicles in India over the next five years in a push to double its market share in the country by 2020.

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