saregamapa

SAIC, GM to form joint venture in India in early 2010

Published: 06 Dec 2009 18:04:37 PST

Shanghai, December 4 (Gasgoo.com) General Motors and its Chinese partner SAIC Motor Corp jointly announced today that they will form a vehicle manufacturing joint venture in India early next year, Xinhua News reported.


SAIC, GM to form joint venture in India in early 2010

GM would transfer half of its Indian operations to SAIC Motor by setting up a 50-50 joint venture there with the Chinese partner. The deal will require Indian government's regulatory approval. Small cars and mini commercial vehicles currently made at GM and SAIC's China ventures will be produced and sold in India.
The deal with GM makes SAIC the first Chinese automaker to enter India, the world's second fastest-growing auto market, which remains dominated by small, affordable cars. SAIC-GM-Wuling's vans could be well accepted in India more quickly than Shanghai GM's car models, analysts said.

Punjabee in USA

How did the Chinese agree to this ?

X2

at the end of the day money talks and BS walks. They probably felt that that was the best place to build, plus its gives easy access to local market. I think its a pretty sound decision.

goodnews

Andaza kero American main jis cheez ko uthao "made in China" likha hota hai Americans mad hu rahy hai ke U.S. ke jhandey tak per *made in china* Ab chines caron per "made in India" Likha hu ga

X2

global economy, US cars were made in Europe, australia and all over, japense cars were made in US, UK, Pakistan..

If nations and ppl can grow up and stop pissing away valuable intellectual bandwidth on their temper tantrums and hissy fits, we would all do what makes the most sense and move ahead as human beings.

kakaballi

'Chinese cars made in India... with local 90 days warranty'

saregamapa

Eyeing India Market, VW Buys 20% of Suzuki - BusinessWeek

With VW buying 20% equity in Suzuki, it could create a auto powerhouse in India.