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Great Wall Motors and General Motors sign agreement for purchase of GM's Talegaon plant
Great Wall Motors (GWM) and General Motors (GM) today announced an agreement for the sale of GM India’s Talegaon manufacturing facility, subject to requisite government and regulatory approvals. Under a binding term sheet signed yesterday, the GM India legal entity, which includes the Talegaon facility, will transfer to GWM. GWM Global Strategy Vice President Mr. Liu Xiangshang said the transaction would underpin the company’s plan to enter and invest in India. “T...
Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and the largest exporter since inception, today signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing Director and CEO of Hyundai Motor India Ltd., and Asifhusen Khatri, Vice President Manufacturing of General Motors India and General Motors International Op...
