General Motors has set a target of sourcing auto components worth $1 billion from India in the next two-three years.

The components would cater to GM facilities worldwide, said Karl Slym, president and managing director, GM India.

GM had sourced auto components worth $300 million from India last year.

GM India's new facility at Talegaon near Pune would be operational by August with a capacity of manufacturing 140,000 units per annum, Slym said.