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MUMBAI: Auto major General Motors on Thursday said that it would invest $200-million in a new engine facility in Talegaon in Maharashtra. The company already has a vehicle manufacturing facility there in which it has invested $300-million.

The engine plant will have an annual capacity of 1.6-lakh engines which could be expanded to 3-lakh engines per annum, the company said.

The engine and car manufacturing plant will employ 1,400 people. “We cannot remain a global industry leader without a strong presence in the high-growth market of India,'' General Motors' India President and Managing Director, Karl Slym, said in a statem ent. “This will enable us to capture more opportunities in one of the fastest-growing vehicle markets in the world,'' he added.

The engine facility is expected to be completed by the first quarter of 2010. - PTI

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