News: GM to invest Rs 100 cr in Gujarat facility

CHENNAI: Automobiles major General Motors will invest Rs 100 crore in its manufacturing facility at Halol in Gujarat, for penetrating into the Indian small car segment, company's Vice President P Balendran said on Friday.

Talking to reporters on the sidelines of the official launch of Chevrolet Aveo, a small car, he said the company would be rolling out two other new cars to cater to small car segments in the next six months.

The new cars, which would be rolling out of the factory have been named Aveo-U-VA and Optra SRV.

In a bid to reach out to more customers, the company would expand its dealership network from the present 77 to 110 besides two new parts distribution centres, one each at Maharashtra and Delhi, to supplement the two existing centres in Gujarat and Tamil Nadu, he said.

The company would expand its car manufacturing capacity from the present 65,000 a year to 86,000, he said.

General Motors has invested Rs 1,380 crore in the country so far, he said.