Another Chinese carmaker whose India plans have hit a roadblock is Great Wall Motors.
According to a media report, Chinese carmaker Changan Automobile has put its India plans on hold due to the ongoing border tensions between the two countries.
Changan Automobile was planning to invest over US$ 500 million in India. The company had scouted locations for its manufacturing unit in Tamil Nadu, Telangana and Gujarat. It had even appointed a local distribution partner. The report states that the company has since closed down its India office.
Another Chinese carmaker whose India plans have hit a roadblock is Great Wall Motors. The company had signed a memorandum of understanding (MoU) in January 2020 for the sale of the General Motors’ manufacturing plant in Talegaon, near Pune. However, that deal is still awaiting government clearance.
Source: Read Full Article