General Motors (GM) in India is planning to invest more than INR 22bn (US$500m) by the end of 2012. The investment will be utilised to ramp up the production capacities of its existing plants at Halol in Gujarat and Talegaon in Maharashtra.
GM plans to hire additional 400 employees at its Halol manufacturing facility during 2012.
The company is slowly trying to expand its operations in India. The company has also decided to expand the Halol plant’s capacity from 85,000 units to 110,000 units. By the second half of 2012, GM is planning to start manufacturing light commercial vehicles in India as well.
GM India’s president and managing director, Karl Slym: “We will be looking at adding 400 employees to steer the expansion that we have planned for the Halol plant. While we would be hiring people across different profiles but the work profiles would be mostly connected to the manufacturing process. We plan to launch some products next year which will be manufactured at the Halol plant. We will be adding another shift to the current two shift format that we have here.”
As per GM’s expansion plan, the company is planning to hire approximately 1,000 people by 2012.
Slym added: “We are also in the process of manufacturing a stumping plant which will be ready by next year so that we would be able to manufacture our own steel parts as well. The LCV production will be done from the Halol plant and we plan to launch a new product from there. The advantage of having a manufacturing hub here ensures that we get a wider supply base here.”
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By GlobalData