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Private Sector | Multi State - India | PID: 191143
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China’s Great Wall Motors has registered an Indian subsidiary and is planning to invest close to Rs 7,000 crore in the country. The Indian subsidiary, Haval Motor India with its office in Gurugram, Haryana, was registered before October 2019.
As of now, the company is looking at both greenfield and brownfield options in Maharashtra. It is considering the land acquired by Chinese truck maker Foton in Chakan near Pune, Maharashtra. The company has been scouting for sites in at least five states - Maharashtra, Gujarat, Karnataka, Andhra Pradesh and Tamil Nadu.
General Motor’s Talegaon plant is another facility it is actively considering. Great Wall Motors had signed a memorandum of understanding with General Motors for the Talegaon plant in September 2019, and if all went well, it could take possession of it by May-June 2020.
The company was interested in the plant because it will speed up its debut in India to as early as mid-2021. If it decides to go for construction of a new factory, the launch could happen only around mid-2022.
| Updated on: 12 - Nov - 2019
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