General Motors Co. said Wednesday it will invest $1 billion in India as part of a $5 billion investment into new Chevrolet vehicles in global growth markets.
The automaker said the investment in India includes producing 10 new Chevy vehicles in the next five years, beginning with the Trailblazer this October and Spin MPV in early 2017. GM is betting that the new vehicles will help Chevy double its 1.8 percent market share in India by 2020.
India is expected to become one of the world’s three largest auto markets by 2020.
The Detroit News