China is sensing that India’s time is about to come. Earlier it offered to support infrastructure projects, now it is hoping to make and sell cars in India.
Reuters: “Great Wall Motor Co, China’s biggest SUV maker, is in talks to set up a wholly-owned business in India, an Indian industry official said on Monday, in what would be the first Chinese car maker to enter the country alone.
Great Wall, China’s eighth-largest car maker, sent a delegation to India last week, and targets starting manufacturing of vehicles in India in 2016, Vishnu Mathur, director general of the Society of Indian Automobile Manufacturers (SIAM), told Reuters in an interview.
“They are looking at coming into India to set up manufacturing,” said Mathur. “They are meeting industry, they are meeting government, they are meeting suppliers.”
Great Wall executives met with SIAM representatives last week, Mathur said. He did not provide details of investments planned.
Great Wall representatives could not be reached by Reuters for comment.
India’s car market has attracted billions of dollars in investment from overseas manufacturers, such as General Motors (GM.N), Ford (F.N) and Toyota (7203.T). But Chinese car makers have not yet made significant inroads into the country.”
via China’s Great Wall Motor in talks for India entry: industry official | Reuters.
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