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Great Wall Motors close to acquiring General Motors Pune plant for $250-300 million

Great Wall Motors close to acquiring General Motors Pune plant for $250-300 million

Monday, January 6, 2020, 8:27 PM

Great-Wall-Motors is close to acquiring General Motors' manufacturing facility in Maharashtra, as China's largest SUV maker is finalising-plans for its India entry, people in the know said. A formal agreement over the facility at Talegaon in Pune-district is likely to be signed by the end of month, and GM is likely to fetch about $250-300 million from the sale, one of the people said.
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