Another Chinese carmaker whose India plans have hit a roadblock is Great Wall Motors.

According to a media report, Chinese carmaker Changan Automobile has put its India plans on hold due to the ongoing border tensions between the two countries.

Changan Automobile was planning to invest over US$ 500 million in India. The company had scouted locations for its manufacturing unit in Tamil Nadu, Telangana and Gujarat. It had even appointed a local distribution partner. The report states that the company has since closed down its India office.

Another Chinese carmaker whose India plans have hit a roadblock is Great Wall Motors. The company had signed a memorandum of understanding (MoU) in January 2020 for the sale of the General Motors' manufacturing plant in Talegaon, near Pune. However, that deal is still awaiting government clearance.

Source: ET Auto

 According to a media report, China-based Changan Automobiles has postponed its plans to enter the Indian market by at least a year.

The report states that Changan has also deferred its plan to partner with the Landmark Group. The two companies had signed a memorandum of understanding (MoU) in 2019.

The decision was reportedly taken considering the effects of the Covid-19 pandemic on the market. It is also believed that going forward, the company might consider partnering with a local manufacturer.

The company is yet to finalize a site for its manufacturing unit. It has been in talks with vendors to setup a vendor park in Chennai.

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According to a media report, China-based Changan Automobiles is planning to enter the Indian market.

The report states that executives from the government-owned carmaker have been visiting India regularly and are said to have finalized their plans to enter the Indian market. The company reportedly intends to invest Rs. 4,000 crore in India in a phased manner. It is also said to be in the process of setting up an office in Gurgaon.

The report suggests that Changan has signed a memorandum of understanding (MoU) with the Landmark Group, which is involved in dealership and insurance businesses. The Landmark Group is expected to form a joint venture to set up a sales and service network. Manufacturing is expected to come under a separate entity.

Changan Automobiles is based out of Chongqing, China. The company offers a range of sedans, SUVs, EVs and plug-in hybrids, MPVs and commercial vehicles.

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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

China's state-owned Changan Automobile Co. Ltd. is rumoured to be considering an entry into the Indian automobile market. The company's executives visited India in November 2014 and were looking to understand the perquisites of entering the Indian market. Most of their queries are believed to have been about the passenger vehicle market.

Changan is China's oldest and fourth largest automobile manufacturer. It has joint ventures with global carmakers such as Ford and Suzuki. It has six manufacturing bases, which are located in Chongqing, Beijing, Jiangsu, Hebei, Zhejiang and Jiangx, and 15 vehicle and engine factories with an annual capacity of two million vehicles and two million engines.

Changan is not the only Chinese manufacturer with its eyes on the Indian market. In 2009, Shanghai Automotive Industries Ltd. (SAIC) has bought a 50% stake in General Motors (India). In 2011, another Chinese manufacturer, Beiqi Fonton Motor Co. Ltd. had announced that it would set up a plant at Chakan, near Pune. The facility was expected to be functional by end-2013. The company had planned to invest $ 400 million and manufacture a full range of commercial vehicles. However, those plans are yet to materialise. Some other Chinese manufacturers are rumoured to have been studying the Indian market as well.

Global manufacturers have started dominating China's domestic automobile market which has pushed Chinese manufacturers into exploring other markets.

Source: Live Mint