Detroit, Michigan-based General Motors which stopped manufacturing passenger vehicles for sale in India, is looking to ramp up component exports from India even as it continues to add new global markets for vehicle shipments from the country. The company currently exports body panels and engines to Vietnam and Cambodia, and...
GE Wins $2.6 Billion Contract to Modernize India’s Railway System
General Electric has won a contract worth $2.6 billion to supply 1,000 diesel locomotives to Indian Railways over the next 11 years. This is GE’s largest contract in its 100 year association with India. GE plans to build a $200 million manufacturing facility in the state of Bihar. France’s Alstom...