General Motors to invest $1 bn in India

New Delhi: American automobile manufacturer General Motors (GM) on Wednesday said it will invest around $1 billion in India.

“The Chevrolet brand is committed to India for the long-term. We will be investing about $1 billion into India in the next five years,” GM’s chief executive Mary Barra said.

“This investment will help augmenting production capacity and creating 12,000 new jobs for GM India and its suppliers,” she said.