Chinese automakers are seriously looking at Indian auto market to increase their market share. After SAIC and Great Wall Motors, Changan Automobile is ready to enter the Indian auto market. According to the ET Auto, high-level delegates from China government-owned SUV maker have been regularly visiting India. The company has finalised several decisions in terms of its entry into India.
Chagan Automobiles plans to invest about Rs 4,000 crore (about $550 million) in India in a phased manner. The SUV maker has also formed a liaison company, called Changan International Corporation with office to get operation soon in Gurgaon. The Chinese SUV maker has appointed industry veteran Sanjay G as India expert.
The company has also signed an MoU with Group Landmark, a company with interests in automobile dealerships and insurance. Changan is planning to set-up 2 different companies – one for manufacturing and one for distribution and sales & services. The sales and service company will join hands with Group Landmark.
The report further claims that Changan Automobiles is in advance stages of discussion with Gujarat and Andhra Pradesh to set up greenfield operations. The company will launch its first model in our market by the end of 2022. It is expected to launch 2 SUVs including CS75 (MG Hector rival) and one more SUV in the Creta segment. The Chinese brand is looking at making India its export hub for right-hand drive markets.