Indian car market is rapidly growing presently and more and more global car manufacturers are choosing to establish their car manufacturing units in India. GWM (‘Great Wall Motors’) from ‘China’ have announced that they have selected a location to set up their first car manufacturing unit in India. They have thoroughly studied the car market and for their maiden venture into the sub continent they have selected the state of ‘Maharastra’. Another Chinese car manufacturing company, which is supported by the Chinese government is named ‘Beiqi Foton Motor Company’ and is going to build a unit at ‘Khed’ which is situated near ‘Pune’. They will manufacture vehicles used for commercial purposes.
Great Wall Motors are the largest Chinese motor manufacturer of Sports Utility Vehicles and have shown great interest in setting up its car manufacturing unit in Maharashtra after doing intensive ground research in two others states, ‘Gujarat and Tamil Nadu’. The company representative said Maharashtra offered them better incentives. Another factor which influenced them to select Maharashtra is the fact that another major motor manufacturing company ‘Beiqi Foton Motor Company, owned by the Chinese government, is setting up a manufacturing CV unit at the outskirts of ‘Pune’ in a place called ‘Khed’. Beiqi is going to invest a large sum of money in the project. Both Chinese motor manufacturers may have developed a strategy that nearness would help both to communicate easily and share notes.
It is a well known fact that executive officers have toured India to draw up a ‘schedule’ recently. It is reported that an announcement will be made shortly. However, a top executive from the car manufacturer has refused to say anything on the topic. A report says that the Chinese car manufacturer is not asking for help from any othe party for their venture in the lucrative car market in India. The Chinese are going to unveil ‘Haval H5’ car model in the coming important auto show in ‘New Delhi’ next year. With the introduction of Chinese cars the Indian car market is likely to become more interesting in the coming years.