Mexican Media Brands
Great Wall Poised for $1 Billion Push into India
China’s Great Wall Motor Co. is preparing to enter the Indian car market with a plan that is likely to include a $1 billion assembly plant in the country.
#economics
Share
China’s Great Wall Motor Co. is preparing to enter the Indian car market with a plan that is likely to include a $1 billion assembly plant in the country.
The carmaker is expected to publicly announce its plans for India next month. Reports say Great Wall’s first model will be the popular Haval H2 small SUV/crossover or its midsize H6 sibling.
Great Wall set up a local subsidiary, Haval Motor India, in Gurugram, in June. Government and company sources say the company is scouting factory sites in five states in the western and southern part of the country.
Great Wall also may be considering a General Motors Co. factory in Talegaon, according to a company source. The facility has capacity to build 165,000 vehicles and 160,000 powertrains per year.
GM exited the Indian market in 2017. But it continues to supply the South American market with Chevrolet Beat three-door hatch minicars built by the Talegaon facility.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
