UPDATE 1-GM hopes to clinch Daewoo India deal in 1-3 months

Newswire

(Adds quote, details) NEW DELHI, May 19 (Reuters) - General Motors Corp , the world's biggest automaker, said on Wednesday it hopes to sign a deal to buy Daewoo India's car plant in the next three months that will help it boost its share in India's booming mini-car market. The U.S. company, in India since the mid-1990s, announced in March it was beginning due diligence of Daewoo's shut plant which it planned to use to make a small car to meet competition from the local units of Suzuki ...

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