xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Company

Two Chinese major car manufacturers plan to acquire plant in India

November 11, 2019


Abstract : Two of China's biggest automakers -- SAIC Motor Corporation Limited and Great Wall Motors Company Limited are reportedly in talks with General Motors Company to acquire the Detroit carmaker's last remaining factory in India's south-western state of Maharashtra.

NEW DELHI, Nov. 11 (Xinhua) -- Two of China's biggest automakers -- SAIC Motor Corporation Limited and Great Wall Motors Company Limited are reportedly in talks with General Motors Company to acquire the Detroit carmaker's last remaining factory in India's south-western state of Maharashtra.

India's leading English daily "Hindustan Times" reported on Monday that the plant, located in the state's Talegaon district, can produce as many as 165,000 vehicles a year and 160,000 power trains.

General Motors sold its first factory in India at Halol in western state of Gujarat to SAIC in 2017.

MG Motor India, a unit of SAIC, has tasted runaway success with its debut sport utility vehicle (SUV) "Hector" since it went on sale in June, said the report.

"This has likely prompted SAIC to eye GM's second factory as MG has outlined an ambitious product introduction plan for the Indian market. MG plans to introduce its second product in India, an electric SUV, next month," reported the newspaper.

According to the paper, SAIC and Great Wall are looking at new markets for expansion, including India.

Both Chinese companies, especially Great Wall, are looking to acquire factories instead of setting up a greenfield facility, which generally takes a couple of years.

Scan the QR code and push it to your mobile phone

Keyword: Automobile Manufacturing

Reading:

Haier brands

Changan Ford recalls over 547,000 vehicles

China blockchain spending to surpass 2 bln USD in 2023: report

China's electronic information manufacturing sees revenue, profit growth in Jan.-Sept.

China issues guideline on improving business environment for foreign investors

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial