China's SUV maker Great Wall Motor Co plans India entry

Discussion in 'Indian Automotive Scene' started by Car Lover, Jan 29, 2013.

  1. Car Lover

    Car Lover New Member

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    [​IMG]Chinese automobile major and sports utility vehicle (SUV) maker Great Wall Motor Co (GWM) is considering to enter the Indian market, following the footsteps of compatriot commercial vehicles manufacturer Beiqi Foton Motor Co.
    In the same development, the Society of Indian Automobile Manufacturers (SIAM) Director General Vishnu Mathur, said, “Officials of Great Wall Motor Co (GWM) were in Delhi last week for discussions and they have a team in India which is looking for location for a plant.”

    GWM is looking for an independent entry in the Indian market and not through any joint venture.

    The auto major has a range of vehicles such as sedans Great Wall C50 and Great Wall C30, hatchbacks Great Wall C20R, Great Wall C10 along with SUVs such as the Haval H6, Haval H5 and Haval M4 among others.

    The company has an annual production capacity of 8 lakh units and it exports to over 100 countries. It has also set a sales target of 13 lakh units and production capacity target of 15 lakh units by 2015.

    Already, Beiqi Foton Motor Co (BFMC) has incked a memorandum of understanding (MoU) with the Maharashtra government to set up a manufacturing plant entailing an investment around Rs 1,670 crore over a period of five years so as to produce commercial vehicles, including medium and heavy trucks and passenger carriers.
     

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