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Great Wall Motors and General Motors sign agreement for purchase of GM's Talegaon plant
Great Wall Motors (GWM) and General Motors (GM) today announced an agreement for the sale of GM India’s Talegaon manufacturing facility, subject to requisite government and regulatory approvals. Under a binding term sheet signed yesterday, the GM India legal entity, which includes the Talegaon facility, will transfer to GWM. GWM Global Strategy Vice President Mr. Liu Xiangshang said the transaction would underpin the company’s plan to enter and invest in India. “T...
GWM signs an MOU with Maharashtra govt, reaffirms its commitment to India
Marking a major milestone in its Indian journey, GWM today announced the signing of an MOU with the Maharashtra government in presence of the honorable Chief Minister of Maharashtra, Mr. Uddhav Thackeray and Mr. Sun Weidong, Chinese Ambassador to India. The MoU officially announced the investment in the state-of-the-art automotive manufacturing facility in Talegaon, Maharashtra. The plant will be equipped with latest world-class technology and there will be an R&D cent...
Lonay Alain, General Manager, Renault Design India, has been living in India for the last three years and working at the Renault Design Studio, opened in Mumbai, in 2008. He believes that the days of “Made in Europe and Sold in Europe” are long gone, and that all the car manufacturers are now looking at Asia, (with China being a big market and India an upcoming one), and that is why a lot of cars that we see today, and are also on sale in the European market, are mainly done with ...
Great Wall Motors plans to roll out its first model in 2021, will target SUV segment
Great Wall Motors (GWM), a leading Chinese automaker, which recently announced its entry into the Indian market with an approximate investment of USD 1 billion, is planning to launch a wide-range of products, including SUVs and EVs in India, in a phased manner. The company expects to launch its first product in 2021, which will be locally manufactured at the company’s recently acquired plant from General Motors in Talegaon, Maharashtra. While providing details on the company&rs...
Chinese investments in India to come under scanner: Sources
Investments from China in the automobile sector are expected to come under the scrutiny of the Indian government, according to reliable sources in the industry. This is in light of the current political situation between India and China, following which the Maharashtra government announced that it has put on hold the Memorandum of Understanding (MoU) with Chinese auto makers Great Wall Motors (GWM) and PMI Electro Mobility Solutions (joint venture with Foton). When contacted, GWM India did...
Will GWM’s backdoor entry affect its competitive edge in India?
Chinese SUV maker, Great Wall Motors (GWM)’s decision to enter the India market via the CKD/CBU route is expected to discount its competitiveness in the Indian market. According to experts, the GWM Group, unlike other automakers produces around 50% of its parts in-house, and it is this advantage that gives it the edge over competition worldwide in terms of product value, quality and technology offering. The company has been looking to extend this competitive offering...
