Great Wall Motors to invest US$ 1 billion in India

China-based Great Wall Motors has announced that it plans to invest US$ 1 billion in India in a phased manner. The carmaker has also announced the signing of a memorandum of understanding (MoU) with the Maharashtra government for investment in a manufacturing facility in Talegaon, near Pune.

Great Wall Motors had acquired this facility from General Motors earlier this year. The plant is spread over 300 acres and is 45 km from Pune city and 100 km from Mumbai port. The facility also has a logistics distribution centre, training centre, project management building, administrative office building and public facilities centre.

The carmaker also plans to set up an R&D centre in Bangalore, which along with the plant, is expected to generate employment for over 3,000 people in a phased manner.