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Sudha Menon

For setting up second plant

Pune , July 30

General Motors has finalised a deal with the Maharashtra Government to locate its second manufacturing facility in the State.

The Maharashtra Industrial Development Corporation (MIDC) has already earmarked 300 acres for the greenfield plant, after the company came to an agreement with the Government over the terms for the deal, a top MIDC official said.

"The company is expected to sign an MOU with the State Government to this effect in the next few days," the MIDC official said. The 300-acre land is believed to be at the Talegaon Industrial Estate, about 50 km from here.

For General Motors, the proposed new plant could be the first step towards its stated aim of garnering a 10 per cent share of the domestic car market by 2010, with plans being finalised to manufacture Daewoo's Matiz, under the Chevy Spark brand.

The Spark is expected to go into initial production at GM's Halol facility by March 2007, but will be shifted out to the new plant, sources said. The plant will also eventually manufacture a range of other products from the GM Daewoo Auto & Technology Company stables.

"We are still in the process of finalising our manufacturing footprint in India and I don't want to comment on this at the moment," the General Motors President, Mr Rajeev Chaba, said when contacted.

Talented workforce

The company's decision to locate the new plant at Talegaon is believed to be largely based on the fact that the region has traditionally been an automotive hub. Located close to Pune, the company is believed to be betting on the region's large talent pool of skilled workforce in the automotive space for its new plant.

More Stories on : New Projects | Cars | Maharashtra

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