China’s Great Wall Motor signs MoU with Maharashtra, to invest USD 1 billion - Hindustan Times
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China’s Great Wall Motor signs MoU with Maharashtra, to invest USD 1 billion

New Delhi, Delhi | ByPress Trust of India | Posted by: Shivani Kumar
Jun 16, 2020 06:27 PM IST

The company has committed an investment of USD 1 billion (about ₹7,600 crore) in India in a phased manner with an estimated employment for over 3,000 people.

Chinese auto major Great Wall Motor (GWM) on Tuesday said it has signed a memorandum of understanding with the Maharashtra government for its manufacturing facility in the state which it had acquired from General Motors (GM).

In January this year, GWM had signed an agreement to acquire the plant from GM.(Bloomberg)
In January this year, GWM had signed an agreement to acquire the plant from GM.(Bloomberg)

The company has committed an investment of USD 1 billion (about 7,600 crore) in India in a phased manner with an estimated employment for over 3,000 people.

“This would be a highly automated plant in Talegaon (near Pune) with advanced robotics technology integrated in many of the production processes,” Parker Shi, managing director of Indian subsidiary of GWM, said in a statement.

“Overall we are committed to USD 1 billion of investment in India in a phased manner, which is directed towards manufacturing world class intelligent and premium products, R&D centre, building supply chain and providing jobs to over 3,000 people in a phased manner,” he added.

In January this year, GWM had signed an agreement to acquire the plant from GM.

The factory has facilities like logistics distribution centre, training centre, project management building, administrative office building and public facilities centre.

GMW will produce its EV and SUV models at the plant.

At the Auto Expo held in February this year, GWM had said it also planned to invest in battery research and development and manufacturing in India to reinforce and accelerate “India’s Electrification Strategy”.

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