 "investments")
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).
The company has committed an investment of $1 billion (about Rs 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.
“Overall we are committed to
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