As Chinese auto major SAIC Motor Corporation announced its plans of making an entry into India with United Kingdom’s Morris Garages (MG) brand on Wednesday, the buzz around its acquisition of the Halol plant from General Motors(GM) has gained traction.
The site, which was shut down in April this year, is in the midst of a labour transfer process that will see workers being shifted to GM’s Talegaon plant in Maharashtra. The Talegaon unit is expected to be completed by July-end.
An amicable settlement of labour issues at the zero-manpower plant is critical for the Halol deal to come off.