Chinese carmaker Great Wall Motors has recently announced that the company is investing around US$ 1 billion which is roughly over 7,000 Crores in India in a phased manner. The Carmaker also announced the signing of an MoU (Memorandum of understanding with the Maharashtra government for investing after accruing a manufacturing facility in Talegaon, near Pune which was previously owned by General Motors.
Great Wall Motors had acquired this designated facility form General Motors earlier this year. The manufacturing plant acquires over 300 acres and is almost 45 km from the main city and about 100kms from the nearest Mumbai Port. The facility also consists of a logistics distribution centre, training centre, project management building, administrative office building and public facilities centre within is premises and has a production capacity of over 1,00,000 vehicles per annum.
In a statement managing director, GWM India, Parker Shi said; This would be a highly automated plant in Talegaon, with advanced robotics technology integrated into many of the production processes.”
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Also More: Upcoming GWM Cars That Are Coming To India Soon
What plans does Great Wall Motors have for India?
At present, the entire GWM group has four brands under its name including GWM EV (for electric vehicles), Haval and Wey (for SUVs) and GWM Pickup (for pickup trucks). The Chinese carmaker also showcased a vast range of products at the Auto Expo 2020 which also included the Haval F5, F7, F7x and H9 SUVs, R1 and iQ (Electric Vehicles), and two concept vehicles – the Concept H and Vision 2025.
The brand has not yet revealed any models which it intends to launch in India, Although rumour has it that it could launch the Haval SUV series and the R1 EV in India by 2021.
Must Read: The Increasing Chinese Presence in Indian Automotive Industry
Is this the RIGHT time to Invest?
After assessing the current situation and the recent happenings to some it might seem that this is not the right time for the company to invest in the Indian automobile mobile sector but the truth is that we Indians are highly dependent on Chinese goods and for us to boycott something on which we are highly dependent might be a difficult task. Its a fact that the Chinese believe in quantity over quality and that is the only reason why Chinese product is easily available in the market at such cheap prices. So for people to say that this might not be the right time for the company to invest in India. Think Again!
