General Motors CO said they will invest 1 billion USD to turn India into a Global Export Hub.
General Motors which have capacity to Produce 2,80,000 cars per year in India, will reduce it to 2,50,000 by 2025, in order to raise capacity of its second plant in India.
GM has two plants in India, one in Gujarat state and the other in Maharashtra that together can produce more than 280,000 vehicles a year. The Gujarat plant, with a maximum capacity of 110,000 vehicles a year, will shut by mid-2016.
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