China’s oldest auto company revs up for India entry
China’s Changan Automobile Company is planning to set up its first India factory, with a capacity to manufacture 200,000 vehicles a year. The company recently visited Andhra Pradesh and Tamil Nadu and, according to sources, is looking for a local partner.
Changan Automobile Company, China’s oldest automobile manufacturer, is headquartered in Chongqing. The company is a state-owned enterprise, which manufactures cars ranging from entry-level hatchbacks to sedans to sport utility vehicles to vans to pick-up trucks. It also has a range of electric and hybrid vehicles.
According to the company website, its brands include New Benni and Benni Mini in the hatchback category and Raeton in the higher segments.
While an e-mail questionnaire sent to the company was not immediately answered, sources in both the state governments confirmed that officials from Changan’s head office had visited the states.
According to sources, the new facility could attract around Rs 1,000 crore (Rs 10 billlion) during the initial phase.
In 2014, Beijing-based commercial-vehicle maker Beiqi Foton Motor Company announced plans for a factory at Chakan near Pune to produce a full range of commercial vehicles, but there has been no launch so far.
Sources added that the company would set up a facility with capacity to produce 200,000 units a year initially, which will be expanded gradually.
Recently, Japanese auto major Isuzu inaugurated a Rs 3,000 crore (Rs 30 billion) facility at SriCity.
An official said Changan is also scouting for a joint venture partner. Its joint ventures in China include the likes of Suzuki, Ford and PSA Peugeot Citroen.
It has six manufacturing bases in China and four research and development centres at Turin in Italy, Yokohama in Japan, Nottingham in England and Detroit in US.
STOP CHINESE GOODS
by Nandanan Nair
WE DO NOT NEED CHINESE GOODS IN OUR COUNTRY. SINCE CHINA HAS NOT SUPPORTED US ON NSG
by Rakesh Pandit
India has to stop chinese entry in our market as they are untrustworthy. Their cars, tyres, electronic goods, toys, etc should be restricted from enetering India under quality criterion. Better options from Korea, Vietnam, Japan etc avzilable.
The domination of an economy.
by chanakya maurya
….is much more serious than colonization or occupation.
Even an analysis of the economy of the United States of America revealed that the dragon is to a certain extent dominating the US economy and there is nothing that the occupant of the Oval can do about it.
The globalization has opened the floodgates for acquiring the control of consumer markets of the world.
The dragon, it seems, is unstoppable.
KICK OUT CHINESE
by jagannadh rao
I still don’t understand why the Indian Govt is not putting brakes on CHINESE INVESTMENTS in INDIA and does not try to squeeze the market for chinese products in face of continued hostility and provocations from the CHINESE GOVT. Are we so weak that we ROAR only FROM A SAFE DISTANCE?
Re: KICK OUT CHINESE
The answer is simple. The Indian govt just cannot do the things you think it should do !
Minnows cannot do battle with giants. And that reality extends to the marketplace too !