General Motors (GM) has decided to invest $200 million (about Rs 870 crore) for engine, gearbox and transmission project. The engine project would be set up in Talegaon near Pune, Maharashtra.
The company has recently signed a memorandum of understanding (MoU) with the state government of Maharashtra. GM is the largest manufacturer of automobiles in the world with strong presence in almost all developed countries.
The proposed power train project would have an annual production capacity of 160,000 units and it would be completed by 2010.