Wheel of fortune
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03/01/2011
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Times Of India (Ahmedabad)
John Deere, Ford, Hyundai, M&M Line Up For Vibrant Gujarat
Harit Mehta | TNN
Ahmedabad: This was anticipated after Tata Motors moved out from West Bengal to Gujarat over two years ago. More than 15 years after General Motors (GM) first set up a car plant in Halol, Gujarat has hit the top gear in its journey towards becoming an auto hub. Auto giants, tyre makers and auto components manufacturers have all made a beeline in the runup to the fifth edition of Vibrant Gujarat summit on January 12-13.
While GM India is investing Rs 500 crore to expand its existing plant, a number of auto giants f ro m a c ro s s the globe are driving into the state this year.
Jo h n Deere, a leadi n g US-based farm equipment maker, plans to set up a tractor manufacturing unit. Mahindra & Mahindra and homegrown Captain Tractors too will set up plants in the state. Rajkot-based Captain plans to invest Rs 500 crore for expansion.