General Motors India (GMI) has lined up a Rs 180 crore investment for the current fiscal to expand the manufacturing capacity of its Baroda plant to 50,000 units per annum from 25,000 units and to launch two new models into the market in the year.
Declining to reveal the details of the new models to be launched, P Balendran, the vice-president (corporate affairs) of GMI, indicated that one model would be a Opel variant in the mini car segment while the other would be a Chevrolet variant.
GM India has so far invested Rs 1,200 crore in the Indian operations and with the fresh investments line-up, its cumulative investment will exceed Rs 1,380 crore by this year end.