Automobile giant General Motors has decided to invest around Rs 10- 12 billion for establishing a power train (engine and gear box) manufacturing plant at its Talegaon Plant near Pune.  

The company is likely to sign a memorandum of understanding (MoU) deal with the Maharashtra government for the purpose within fortnight or so.

The power train plant will have a capacity to produce 2 lakh units per anum.

Besides making use of the facility for making engines and gear boxes for the Spark model, the Talegon facility will be also used for export.

The company has already invested approx. Rs 14 billion in setting up the plat to make the Spark model.

The first car from the plant is likely to roll out from September. The car manufacturing plant has a capacity of 1.30 lakh units per anum.