The Traderszone Network

Published in TZ Latest News 29 July, 2015 by The TZ Newswire Staff

GM to invest $1 billion in India, plans to double market share by 2020

General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. The investment is part of GM’s plan to invest $5 billion over several years to develop a global family of Chevrolet vehicles with Shanghai Automotive Industry Corp (SAIC), the state-owned Chinese automaker that is GM’s primary partner in China.

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