Advertisement

GWM commits USD 1 bn investment in India

03:02 PM Feb 05, 2020 | PTI |

Greater Noida: China’s largest SUV manufacturer Great Wall Motors (GWM) on Wednesday said that it will invest USD 1 billion in the Indian market in a phased manner.

Advertisement

The USD 1 billion (about Rs 7,100 crore) investment will be made in areas like research and development, manufacturing, sales and marketing, GWM Marketing and Sales Director (India) Harpreet Singh Brar said at the Auto Expo here.

The company also intends to use manufacturing capabilities in India to export to other countries, he added.

GWM has a research facility in Bengaluru. Recently, it also inked an agreement to acquire General Motor India’s Talegaon facility.

Advertisement

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Next