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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.
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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.
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