Rumour: China's Changan Automobiles to enter India next year

China-based Changan Automobiles is reportedly planning to enter the Indian market in the next financial year. Changan is China's fourth-largest carmaker by sales volume. If these plans do see the light in the future, Changan will be China's first car maker to invest in India.

The Chinese automotive market is currently seeing stagnation in overall sales volume. While the SUV segment is soaring to new heights, sedans and minivans are constantly experiencing plummeting sales.

Changan Automobiles specializes in manufacturing basic, no-frills cars, mainly in the sedan and SUV segments. Popular models from the automaker include Alsvin, Benni, CX20, CS35 and CS75. In China, the company has joint ventures with Ford, Suzuki, and PSA Peugeot Citroen.

The Chinese carmaker claims to have 6,000 sales and service facilities in more than 60 countries around the world. It is still unknown which cars Changan is likely to bring to India.

Source: Financial Express