GM plans to invest USD 1 billion in Russia within 5 years

Russia would soon see a lot more of General Motors cars on their streets in fact maybe the world auto market might witness the same as well as the American Multinational automotive corporation plans to invest USD 1 million in Russia in 5 years. Russia is one of the fastest growing automotive markets in the world.

This move has been made keeping in mind the 40% rise in the number of cars sold in Russia. This rise has made Russia as a point of focus for many international car makers. GM car sales stand at the second position in the Russian car market, making it very feasible for them to invest in it. GM stands at doubling their output to 230,000 vehicles per year at their plant in St. Petersburg. 

Read More on : Chevrolet Cruze price in India