Mumbai, 28 August 2008: Disclosing the investment plans for the proposed engine and transmission plant to be set up in Talegaon, Maharashtra, GM today said that it would make an initial investment of more than $200 million.

The proposed facility, which will be GM's second vehicle plant in the country, will have an annual capacity of 1,60,000 units, expandable to 3,00,000 units, GM said in a statement.

The troubled carmaker aims to double its share of a fast-growing but increasingly competitive Indian market.

The engine plant is expected to be completed in the first quarter of 2010, GM said.

GM had also announced that its proposed new small car would be rolling out from the Talegaon plant.

Annual passenger vehicle sales in India are forecast to expand to more than 2 million units by 2010, with small cars accounting for more than two-thirds of sales.

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