- 1 hr ago Datsun Cars Offers & Discount For May 2021: Up To Rs 40,000 Benefits Across Models
- 17 hrs ago Hero MotoCorp To Resume Operations From May 17 In A Staggered Manner In The Country
- 17 hrs ago Rs 18,100 Crore Production Linked Incentive Scheme For ACC Batteries Approved
- 18 hrs ago Yamaha R7 Images Leaked Ahead Of Launch: Global Reveal On 18 May
- Sports As IPL put on hold young Jharkhand batsmen Saurabh, Virat support PPL in steel city
- News Record 21 COVID-19 deaths reported in Meghalaya
- Technology Looking For COVID-19 Vaccine Slot? These CoWIN Tips Might Be Useful
- Lifestyle On Vicky Kaushal’s Birthday, His Super-Cool Hairstyles From Masaan, Manmarziyaan, And Sanju
- Finance Post Office Vs Bank Deposits: Why Post Office Is Better Choice?
- Movies Radhe Overseas Day 3 Box Office Collection
- Education IIIT-Delhi Announces Season 5 Of The Summer Camp For Government School Students
- Travel Best Places To Visit In Gujarat In May
Earlier, Great Wall Motors had tried making its India foray by forming a partnership with New Delhi based tractor manufacturer International Car and Motor Limited. However, that partnership failed to materialize and hence the Chinese automaker has decided to make an independent entry. Great Wall Motors has no plans to team-up with any local players.
The Chinese automaker initially looked towards Tamil Nadu and Gujarat for setting up its plant, but owing to substantial incentives offered by the Maharashtra government the automaker finalized on Pune, reports ET.
"Great Wall has also taken into account Chinese government-owned Beiqi Foton Motor Company's decision to set up its commercial vehicles facility at Khed near Pune with a cumulative investment of Rs 1,676[crore]. The proximity factor is expected to help both the companies achieve back-end synergies," said an ET source privy to the matter.
Executives from the company are already in India to set up the whole process. Expect Great Wall Motors to exhibit its India lineup, including the Havel H5 suv at the Delhi Auto Expo next year. Production at the Pune plant is scheduled to begin from 2016. With its entry GWM will become the first Chinese automaker to have a presence in India.