GWM commits USD 1 bn investment in India
Feb 5, 2020, 13:11 IST
Greater Noida, Feb 5 () China's largest SUV manufacturer Great Wall Motors (GWM) on Wednesday said it will invest USD 1 billion in the Indian market in a phased manner.
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.
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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. SR RVK(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)