[ Juxun Wang reported ] reported that Great Wall Motor and General Motors to acquire General Motors India Tali Gang factory agreement. According to a letter of intent to invest, companies including General Motors India Tali Gang will be transferred to the plant, including the Great Wall, and after the relevant regulatory approvals above agreement, Great Wall Motor will officially enter the Indian market.
In fact, as early as last year, there is news, Great Wall Motor will enter the Indian market with the acquisition of Universal at a local factory. While in February 2019, Great Wall Motor has set up a subsidiary in India to invest. According to the Great Wall of Indian companies previously announced tweet display, Euler R1, Harvard H9, H2 models such as Harvard or will be the first to be introduced into the Indian market.
face more than the domestic automobile market down, a number of independent brands are in force tap emerging markets. Analysis of the industry, although the Indian car market also showed a downward trend, but is expected to become the world’s third-largest auto market after the second only to China, the United States in about 2026. Liu, vice president of Great Wall Motor up strategy also said that India’s market potential, rapid economic growth and good investment environment, to enter the Indian car market is an important strategic layout of the Great Wall of globalization.
data show that in 2019 the Great Wall of sales in overseas markets reached 65,000, an increase of 38.68 percentage, currently the sector has become a major growth point of the Great Wall car. At the same time, the brand had also repeatedly stressed its globalization strategy, which in June 2019 was officially put into operation in Russia’s Tula factory, and the impact of annual production capacity of 80,000 in 2020.