Chinese automaker GWM confirms an investment of 1 billion USD in India, signs MoU with Maharashtra Govt.
Great Wall Motors, China's largest automobile manufacturer when it comes to utility vehicles, will be setting up a state-of-the-art automotive manufacturing facility in Talegaon, Maharashtra. This was confirmed with the signing of an MoU with the Maharashtra Government today. Additionally, the company will set-up its research and development centre in Bengaluru and plans to generate an employment of 3,000 people in different phases. The MoU was signed in a virtual meeting that was attended by Chief Minister of Maharashtra, Uddhav Thackeray and Sun Weidong, Chinese Ambassador to India.
"We would like to thank the Maharashtra government for extending full support and helping us foster a long and mutually beneficial cooperation that hopefully will turn out to be a great business proposition for both. This would be a highly automated plant in Talegaon with advanced robotics technology integrated in many of the production processes. Overall we are committed to 1 Bn US$ of investment in India in a phased manner, which is directed towards manufacturing world class intelligent & premium products, R&D centre, building supply chain and providing jobs to over 3000 people in a phased manner." commented, Parker Shi, Managing Director, GWM India.
Earlier this year, GWM had acquired this plant from GM India, which already offers logistics distribution center, training center, project management building, administrative office building and public facilities center.
Last month, GWM announced senior leadership for its Indian subsidiary as it appointed James Yang as the president and Parker Shi as the managing director. James Yang has rich experience in the areas of research and development, project and marketing management. He will be leading the entire GWM India project with major focus on research and development along with plant and industrial operations.