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Chinese automobile manufacturers strengthen their India foray
Following the successful entry of MG Motor India, other Chinese passenger vehicle manufacturers such as Great Wall Motors and Haima Automobile are planning their foray into the Indian market. While Great Wall Motors has already announced approximately USD 1 billion worth of investment in India, Haima Automobile, another leading manufacturer from China is keenly studying the potential of the Indian market. With their presence at the AutoExpo 2020, it is evident that these companies are progres...
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...
