Chery already has a JV with Tata Motors-owned Jaguar and Land Rover to make cars in China.
Chinese
automaker Chery
Automobiles is reportedly keen on a joint venture with Tata
Motors for an India entry.
State-owned Chery already has a JV with Tata Motors-owned Jaguar and Land Rover to make cars in China. The partnership was formed in 2012 and helped Jaguar Land Rover open their first assembly facility in Changshu, China in October 2014.
"The
nature of the partnership—a joint venture, retail sales tie-up or
technology sharing—and the time for Chery’s entry into India is
yet to be finalized, Livemint reported on Thursday.
As
auto sales are expected to stagnate in China in the next few years,
major auto majors there are looking to expand in India as the latter
is the only market projected to grow significantly in the long run.
The
MG Motor India, which is a wholly-owned subsidiary of China's SAIC
Motor Corp, will kick off its journey in the country with the launch
of Hector SUV in June Great Wall Motors has formed a team to set up
independent operations in India.
Business Standard
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