China’s state-owned Changan Automobile Co. Ltd. is believed to be considering a passage into the Indian car market. The organization’s officials came to India in November 2014 and were looking to comprehend the perquisites of entering the Indian market. A large portion of their inquiries are accepted to have been about the passenger vehicle market or the regular vehicle market which caters to you and us.
Changan is China’s most established and fourth biggest car producer. It has JVs with worldwide carmakers, for example, Ford and Suzuki. It has six assembling bases, which are found in Chongqing, Beijing, Jiangsu, Hebei, Zhejiang and Jiangx, and 15 vehicle and motor processing plants with a yearly limit of two million vehicles and two million engines.
Changan is not by any means the only Chinese producer with its eyes on the Indian market. In 2009, Shanghai Automotive Industries Ltd. (SAIC) has purchased a half stake in General Motors (India). In 2011, an alternate Chinese producer, Beiqi Fonton Motor Co. Ltd. had reported that it would set up a plant at Chakan, close to Pune. The place plays host to a slew of manufacturing facilities so we wouldn’t be surprised if Changan decides to setup shop in Chakan.
The facility was relied upon to be useful by end-2013. The organization had wanted to contribute $ 400 million and production a full scope of business vehicles. On the other hand, those arrangements are yet to emerge. Some other Chinese producers are believed to have been examining the Indian too. The reason for the Chinese manufacturers going global is that the global manufacturers have begun ruling China’s household auto market which has pushed Chinese makers into investigating different markets.
Seeing the fact that India is one of the most important automobile markets globally, a lot of Chinese and other global manufacturers are considering entering India.
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Source: Live Mint