GM to make India hub for power trains
PTI reported that unperturbed by the Mumbai terror attacks and its ongoing struggle to avoid bankruptcy back home, US auto major General Motors wants to make India a development hub for power trains in the Asia Pacific region.
The firm's Indian subsidiary General Motors India has already announced a slew of investments amounting to USD 500 million in the country to set up new car and power train manufacturing facilities and it will be hiring 500 people in the H2 of 2009.
As per report, the company, which employs a total of 1, 600 people in its engineering and research and development centre at Bangalore, will be enhancing the manpower strength there.
Mr Karl Slym MD of GMI said that "With our engineering facility in Bangalore as the foundation of our business in India, we are making the country the development hub of power trains for Asia Pacific region." He said that the hub will cover countries like Australia, China, Korea, choosing India as the location is a significant decision.
Mr Slym said that "In the H2 of 2009, we may hire a total of 500 people, out of which 300 will be for the engineering division and 200 for manufacturing at Talegaon." He said that while the initial focus would be on development, GMI would also look at making the country a power train manufacturing hub as well.
He said that "We will have capacity beyond domestic consumption so we will definitely look at exports. Since the engines developed in India will be of small displacements, we will look at markets in Asia Pac region and Eastern Europe."
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