Chevrolet unveils Trailblazer & Spin; $ 1 Billion to be invested in India
Modified On Jul 29, 2015 04:45 PM By Akshit for Chevrolet Trailblazer
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General Motors today unveiled the upcoming Chevrolet Trailblazer SUV and Spin MPV in Delhi. An investment of US $1 billion (INR 6,400 Crores) in Chevrolet India was also announced by the American automaker.
Announced by CEO Mary Barra, the investment in India is a part of GM’s US $5 billion investment for strengthening its business in growing markets that includes Brazil, China, India and Mexico.
The carmaker is expected to roll out 10 new locally produced models by 2020, including today-showcased Trailblazer SUV, which will go on sale in October this year, and the Spin MPV that will reach here in early 2017.
“Chevrolet is committed to India for the long term,” said Maya Barra. “We are delivering on our promise and doubling our investment in India. This will allow us to provide our Indian customers the great vehicles they want and the world-class customer experience they deserve. It will also support the government’s Make in India program.”
The majority of the new investment will go into Chevrolet’s Talegaon manufacturing facility in Maharashtra, while production at its Halol facility in Gujarat will be ceased by the second half of next year.
The Talegaon plant currently has a production capacity of 1,30,000 vehicles, which will be pumped up to 2,20,000 vehicles by 2025. And also it will become a global export hub for the company, with more than 30 percent of its annual production planned for markets outside India. Alongside this volume expansion, 12,000 new job opportunities will be created.
