Great Wall Motor of China to invest Rs. 7600 crores for setting up plant in Maharashtra
The plant will be in Talegaon near Pune. The company will make world-class premium products here. Research and development center will also be established.
China’s leading automobile company Great Wall Motor (GWM) will invest $ 1 billion to set up its plant in Maharashtra. The company has acquired this plant from General Motors. For this, the company has signed a memorandum of understanding of the Government of Maharashtra.
The company said in a statement that it will invest $ 1 billion (about Rs 7,600 crore) in India in a phased manner. It will also employ more than 3,000 people. The company’s Indian subsidiary managing director Parker Xi said it would be a high-technology automated plant. Here various production processes will be integrated with robotics technology.
The plant will be in Talegaon near Pune. He said that the company will make world class premium products here. Research and development center will also be established. Also, supply chain etc. will provide employment to more than 3,000 people. The company will manufacture its e-vehicles and SUVs here.
