AHMEDABAD: China’s biggest automaker SAIC Motor Corporation Limited on Wednesday announced its plan to enter the Indian car marketplace by means of putting in place a wholly-owned car manufacturing facility within u. S . A .. Although Gujarat, Maharashtra and Andhra Pradesh are on SAIC’s radar for its first facility, Gujarat is the favored option for the plant, in line with a company authentic.
The Chinese car large additionally continues to engage with General Motors to gather latter’s Hall production plant inside the nation, which turned into shut down in April this yr.
SAIC, so that it will operate inside the country through its fully owned subsidiary MG Motor India, is currently exploring one of a kind options for its facility in India, which include obtaining GM’s Halol plant in Gujarat and putting in a greenfield production facility. On Wednesday, SAIC also named Rajeev Chaba as president and coping with a director of MG Motor India and P Balendran as its executive director.
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“Gujarat is the favored choice for our production facility. We also are looking at Maharashtra and Andhra Pradesh as viable destinations for the plant,” Balendran introduced. The discussion with General Motors (GM) for acquiring Halol plant is progressing nicely and we can take over the ability if it’s miles given encumbrance loose and without any liabilities,” P Balendran added.
However, the organization did no longer expose investment outlay mentioning it is in the manner of finalizing its production facility and is toning up its product approach for the Indian marketplace, info of in an effort to be announced at a later level.
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The Operations of SAIC in India are expected to begin in 2019 with MG (Morris Garages) brand. “The creation of the iconic British sports activities car brand ‘MG’ in India is a crucial part of SAIC Motor’s global method,” the agency stated in an announcement.
The MG logo, which originated as a British racing sports emblem in the year 1924, has advanced into a contemporary-day modern logo via the final 93 years. “MG merchandise, which might be designed and engineered at its European and Global Design Centers, will now also be manufactured in India at the same time as conforming to international excellent standards and aligning with the Indian regulations, emission norms and using conditions,” it brought.
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