Wednesday, November 13, 2019

Chinese investments breathe life into Motown

At least half-a-dozen Chinese vehicle makers are expected to pump in about $5 billion over the next 3-5 years along with their vendor-partners to make inroads into the Indian market as their local market staggers. While MG Motor and BYD continue to invest in India, the likes of Great Wall Motors, Changan and Beiqi Foton are slated to commit investments in local manufacturing.

from Auto-Industry-Economic Times https://ift.tt/2Kl5Qdl

No comments:

Post a Comment

Revenue of auto ancillary firms grew at 11% CAGR during 2016-26: Report

Auto ancillary companies saw revenue grow at 11 percent annually from FY16 to FY26. Exports and increased vehicle content fueled this expans...