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GWM acquires plant in Maharashtra; signs an MoU with Maharashtra Government
Great Wall Motors takes another step to enter into the Indian market by signing an MoU with the Maharashtra Government for setting up a production facility in the state. GWM is making a phased investment of $1 billion in the country. The investment is being done in the automotive manufacturing facility in Talegaon, Maharashtra. The company acquired the plant in January from General Motors. Furthermore, the plant will be equipped with the latest technology along with its R&D center in Bengaluru that would generate employment for over 3000 people in a phased manner.
“We would like to thank the Maharashtra government for extending full support and helping us foster long and mutually beneficial cooperation that hopefully will turn out to be a great business proposition for both. This would be a highly automated plant in Talegaon with advanced robotics technology integrated into many of the production processes. Overall we are committed to 1 Bn US$ of investment in India in a phased manner, which is directed towards manufacturing world-class intelligent & premium products, R&D center, building supply chain and providing jobs to over 3000 people in a phased manner,” commented Parker Shi - Managing Director, of the Indian subsidiary of GWM.
According to the automaker, the whole MoU signing ceremony was performed via a virtual meeting between James Yang - President, Parker Shi - Managing Director, of the Indian subsidiary of GWM, Sun Weidong – Chinese Ambassador, Honorable Chief Minister of Govt. of Maharashtra, and Subhash Desai- Honorable Minister of Industries, Govt. of Maharashtra.
Great Wall Motors is particularly known for its SUVs. The company is aiming to increase the demand for such vehicles in the Indian market. It will be producing EV and SUV models at the plant. Apart from this, GWM has also supported India to fight the pandemic through various initiatives. The company has been actively distributing items of personal hygiene and dry ration kits, to support households in need in various parts of Pune.
