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GM To Invest $1 Billion in India, Aims To Double Market Share

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A day after US auto giant General Motors announced $5 billion investment to boost presence in emerging markets like India, Brazil, China and Mexico, the company on Wednesday said that a fifth of the amount, or $1 billion, will be invested in its India operations. It will then be exported to other countries, however, there are no plans to sell the vehicles in the US or Europe. The company has not only sketched out $1 billion investment plan for India, but is also consolidating its business. GM had a 2% share of India’s vehicle market at the end of March. We will have a flexible family of vehicles that we can specifically meet the needs of not only India, but also Mexico, Brazil and China.

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