China's Big SUV Manufacturer Great Wall Motors (GWM) Plans To Invest $1 Billion In India
China's biggest SUV producer Great Wall Motors (GWM) on Wednesday said it will put $1 billion in India, which is set to be among the best three auto showcases all inclusive. The $1 billion (about Rs 7,100 crore) venture will be made in a staged way in territories including innovative work, assembling, and deals and promoting.
"The company solidly accept that India will get one of the best three auto advertises on the planet in the following 3-5 years...Our point is to build up a far reaching environmental chain covering research, creation, deals and marketing...," Hardeep Brar, Director, Marketing and Sales of the Indian backup of GWM, said.
Talking at the Auto Expo here, he said the organization likewise expects to utilize fabricating capacities in India to fare to different nations. "The company intend to put an expected $1 billion out of a staged way covering research, fabricating, inventory network and showcasing and sales...GWM will effectively react to the 'Make in India' technique," he said