原文题目:Chinese auto makers bet big on India story
Increased investment by Chinese automobile manufacturers in the market here is likely to feature in Premier Wen Jiabao's talks with industry bodies on his visit to India.
Sources indicate apart from BYD Auto, which is known as Build Your Dreams, a well-known electric and hybrid car maker, Beiqi Foton, a leading commercial vehicle maker and many small and medium sized auto ancillary companies will be looking at making investments in the country.
China's largest commercial vehicle manufacturer, Beiqi Foton, is understood to be considering setting up a greenfield facility in India shortly.
Industry sources informed Foton Motors has already done a feasibility study for its foray into the Indian market.
The company has made enquiries regarding growth prospects in the Indian commercial vehicle industry and has also held talks with components manufacturers to determine the supplier base available for manufacturing vehicles locally.
A final decision, however, has not been taken on whether the company would look at entering the country independently or through a joint venture.
Foton is likely to be the second Chinese automobile company to enter the Indian market after Shanghai Automotive Industry Corporation (SAIC).
SAIC, present through a partnership with General Motors in the Indian market, is working on introducing five new models in the country by 2013.
GM is jointly developing two light commercial vehicles of one tonne capacity with SAIC for the Indian market.
Besides, on the cards are two mid-size sedans and a larger utility vehicle.
The commercial vehicle segment in the country grew nearly 41 per cent between April and November, to 460,482 units from the 326,641 units produced during the corresponding period last year.
The segment is dominated by Tata Motors and Mahindra & Mahindra, who together account for 47 per cent of the market.
Foton Motor, a subsidiary of Beijing Automobile Group Co Ltd, is the world's second largest commercial vehicle manufacturer after Daimler.
The company sold 602,021 vehicles in 2009, exceeding sales of Mercedes-Benz commercial vehicles for the first time since its inception in 1996.
Till October this year, the company had produced 558,000 vehicles, an increase of nine per cent as compared to the corresponding period last year.
Its sales grew 15 per cent from a year earlier to 571,100 units during the period.
The company is also working on developing a sedan, its first product offering in the passenger vehicle segment.
BYD Auto, on the other hand, has sold 440,000 passenger cars in China and is expected to make a major entry in the US market in 2011 with its plug in hybrid and electric cars.
After coming into the limelight, BYD got the attention of maverick investor Warren Buffett who has forked out $230 million to pick up a 10 per cent stake in this company.
The company is a subsidiary of a rechargeable battery maker.
by navneet (View MyPage) on Dec 15, 2010 03:09 PM | Hide replies
All peace loving patriots should boycott chineese products.
by jaggu (View MyPage) on Dec 15, 2010 03:54 PM
Dont boycott - just ask extra 50% discount!!
by Rajat Bhagwat (View MyPage) on Dec 15, 2010 05:01 PM
i totally agree the boycott, but shabby indians would only have the option to buy tata or jap & korean cars.. i don't see any difference btw chink, korea or jap
China should vacate Aksai Chin & tibet - to create tr
by jaggu (View MyPage) on Dec 15, 2010 02:24 PM
China should vacate Aksai Chin & tibet - to create trust, after which It should pay taxes to us regularly.
by om shanti (View MyPage) on Dec 15, 2010 01:29 PM | Hide replies
Bury the bitterness if any of the past...
Aspire to achieve a beautiful future
By facing the challenge of meeting the needs of 2.5 billion combined population..
There is lot to achieve in co-operation
Wish the countries have more people to people contacts and relations..
I know several of my friends married Chinese women and leading happy life..
Chinese and Indian people are very warm..
Both the countries have a past of great civilisations..
People of both countries had to face oppression of foreign invaders..
21st century belongs to the people of these two countries..
Let us cheer for a vibrant relation in all fronts between the two large economies and the two most populous nations of the world...
by Motley Fool (View MyPage) on Dec 15, 2010 01:36 PM
wats so cheerful about chinese fakes? they will grease the palms of our upright ministers and we will be flooded with fake medicines, autoparts etc. Boycott all chinese cheap fakes.
wake up to the reality
by bihari babu (View MyPage) on Dec 15, 2010 01:17 PM
lot of indian dont realise the bounday is being dissolve quickly. we live in global village. no way you can protect your economy from world economy. only thing you can do is make better and cheaper product and service and deliver it to market. thats all.
china and india can help each other in big way. since both are growing fast economy.
Do not allow chinese made vehicles please
by srini chowdary (View MyPage) on Dec 15, 2010 01:11 PM | Hide replies
worst quality of chinese made goods are already in the market which r very hazardous to th Indian public. there shud b ban on all these items and also they r very much in competition to Indian goods and our market is loosing. All Indians shud prefer Indian made goods which helps our economy a lot. If India is Wealthy means ur Wealthy
Re: Do not allow chinese made vehicles please
by shubasrikrishna (View MyPage) on Dec 15, 2010 01:17 PM
Just do not make wild comments without knowing anything.They are much better than Maruthi and tata cars.
I have driven a lot on BYD cars made in China. Very posh cars and cost less than the Japanese ones.
Re: Do not allow chinese made vehicles please
by Kalyanasundaram Venkatesh (View MyPage) on Dec 16, 2010 04:31 AM
will you buy a product which is made in our own country but its expensive & poor quality when compared to the same product with cheaper price & good quality from other country? Just touch your heart & tell me, gentleman!!!! The computer & all the computer related parts in which you are using to edit this message were foreign products, so do you mean you will boycott all the computers & related equipments you are using now?
Be practical man, don't be emotional !!! Patriotism is different from reality. Just think about common citizen, he/she is finding very difficult to survive becoz of of every commodity, so he/she prefers to go for cheap price & at the same time with good quality and he/she will not care about where a particular commodity comes from. This is the harsh reality!!!
Cars- Rapist of Democracy of Indian Roads
by historyrepeats (View MyPage) on Dec 15, 2010 01:04 PM | Hide replies
Besides it is like promoting Global Warming.
Divide between Rich and Poor widens.
Roads gets choked and congested.
Diseases soar as air pollution takes its toll on human health.
Green Talk takes a beating.
Energy Efficiency talk appears to be a joke.
Economic Load further gets its visiblity on poor persons' balance sheet as fuel prices jumps up as Car consumes more fuel.
Economic disparity is on further high.
Promoting Bycycle is tentamount to joining the race of greening world.
Car is the biggest menance which Man has ever created on earth. Car on road is not a sign of prosperity but sign of how people are growing on materialistic pleasure keeping Humanity on tenterhooks.
In India, there is no law against Car breaking traffic rules.
1/3 portion of any street road are occupied by Cars parking only. Is anyone listening ?
Where is law in this country ?
Re: Cars- Rapist of Democracy of Indian Roads
by bigben bigben (View MyPage) on Dec 15, 2010 01:27 PM
Nobody cares about these facts.
Everyone is interested in their own self, their own ego, showing off a new car to neighbours and relatives, etc. Pedestrians and poor people are worse than dogs to such selfish egoist people. Its nothing but the deepening of kaliyuga... Things will get worse as selfishness increases...
Re: Re: Cars- Rapist of Democracy of Indian Roads
by historyrepeats (View MyPage) on Dec 15, 2010 02:10 PM
Very good narration and picturisation of India society and showing the mirror to our affluent class people.
Your words have captured the ethos of Indian pysche and many a times, it has been said indirectly also.
Rich thinks that poor are worse than dogs and the day they continue to support them , poors will come up to thier nect to bite.
So no policies are framed to uplift the poverty in India or elsewhere in the world.
As materialism increases....... Differnce will widen...........Unrest in Society.........CARNAGE OR SOCIAL BACKLASH.