Help Desk -
9958816305, 9810335381
Email
Password

Great Wall Motors Unveils India Investment Plan at Auto Expo 2020

Auto News - Published on Tue, 11 Feb 2020

Image Source: Great Wall Motors India
Making its India debut at Auto Expo 2020, China's largest SUV maker Great Wall Motors announced an investment of USD 1 billion dollars in India. The investment will be covering manufacturing plants, vehicle research and development, production of power batteries and electric drives, vehicle and component manufacturing. The company also plans to provide estimated 3,000 direct employment in a phased manner and is confident of playing an important role in the Indian market in future with a focus on localisation and exports.

Great Wall Motors Director Sales and Marketing said Mr Hardeep Sing Brar said "India has become one of the world‘s fastest-growing major economies, and the auto market is promising, making it a preferred investment destination for most auto companies. At this 15th edition of the Auto Expo 2020, we are Introducing our Global intelligent SUV Expert brand Haval and plan to cover the complete range of SUVs which will be the preferred choice of the young, dynamic and new generation consumers of India."

Keeping in line with its India plan, on January 17, 2020, Great Wall Motors and General Motors signed an agreement to acquire the General Motors India‘s TaIegaon factory. This transaction will lay an important foundation for Great Wall Motors entry in and the acquisition will be completed In the second half of 2020. Great Wall Motors will commence the production of EVs and SUV models under Great Wall at this plant.

Source :

Posted By : Arun Huidrom on Tue, 11 Feb 2020
Related News from Auto segment