GM India to wind up Halol plant in Gujarat permanently on 31st March

Vadodara: American car manufacturer General Motors will shut down its plant at Halol in Central Gujarat on 31st of March. The company has conveyed this to State government. Negotiations are on for takeover of this plant by Shanghai Automotive Industries Corporation(SAIC) but without existing staff. SAIC is likely to purchase the plant under the brand name of MG Motors India Ltd. The new company will have two Indian and four Chinese directors including former CEO of General Motors China Mr. Rajiv Chhaba who has also been former managing director of GM India. General Motors has introduced Voluntary Separation Scheme(VSS) for its staff including supervisors and laborers. All supervisors have accepted the payment under VSS. Among laborers whoever are not ready to accept VSS are likely to be transferred to Talegaon(Maharashtra) based plant of General Motors India. If the issue of laborers remains unresolved, MG Motors will go ahead with the option of new greenfield plant possibly in Sanand/Bechraji belt of Gujarat or in Maharashtra or Andhra Pradesh.

DeshGujarat

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