Chevrolet to postpone capacity expansion at Talegaon
General Motors is said to be considering the possibility of deferring capacity expansion at its plant in Talegaon, in Maharashtra. Given the global recession that's taken the automotive industry by storm, GMI may decide to not start a second shift at its Talegaon unit in the near future.
Running a single shift, GMI's Talegaon facility produces around 190 cars per day, which would go up to 300 cars per day if a second shift were to be started. 'We will introduce a second shift depending on market conditions. However, we are confident to start a second shift by next year. Our plans for India remain unchanged despite a global meltdown,' says P Balendran, Vice President, GMI.
Speaking about new cars from the GMI stable, Balendran says, 'We are working on a couple of cars across different segments. Our R&D centre in Bangalore is also involved in the exercise. We will introduce new products in the market in 2009 as we have seen that volumes are coming from new launches in the market.'
[via: indiaautomotive]