Changan Automobile, the Chinese SUV and Electric car maker India entry has been delayed by at least 1 year due to COVID-19 Pandemic.
We informed you earlier that Chinese automakers including Changan Automobiles, Great Wall Motors and Chery are planning to enter India. Due to COVID-19 Pandemic, the automakers are now postponing their plans for the Indian market. A new media report claims that Changan Automobiles, the Chinese SUV and electric vehicle maker, will delay its India entry by 1 year.
In fact, Chery Automobile Company was planning to enter India with the help of Tata Motors. However, recent reports suggest that the company has decided to delay its entry in our market. The reason behind the delay is due to rising anti-China sentiments among Indian buyers.
Talking about the Changan Automobile, the Chinese SUV and Electric car maker has also put on hold its plan to join hands with India’s Group Landmark. The Group Landmark runs a dealership network for Mercedes-Benz, Nissan and FCA. Changan had signed a memorandum of understanding in 2019 with the Indian Group; however, there has been no progress over the pact.
The Chinese automaker is yet to finalise on the production facility site and vendors; however, the company has already opened a local liasion office. It is reported that Changan could enter into partnership with a local manufacturer to reduce the risk of anti-China sentiment.
The Chinese brand was planning to form separate brands for manufacturing and distribution in India. The company was aiming to invest around 4,000 crore with first product launch in 2022. The brand was also planning to make India an export hub. Changan Automobile was considering to set up a vendor park in Chennai.