Great Wall Motors to set up plant in Gujarat - Report
Last year it was reported that Great Wall Motors is planning to enter the Indian market in 2021 and now a report published on Times of India suggests that the company has proposed to invest an estimated INR 7,000 crore to set up a mega-production facility in the state of Gujarat. This facility will be utilized to churn out both electric and regular vehicles.
Great Wall Motors has been reported to start its Indian innings with the Haval H6, which was spotted doing rounds in India earlier this year. "If all goes well, the plant is likely to be set up close to the auto manufacturing zone in Sanand. Officials of the company met top state government officials last week, to discuss short and long term goals,” a key state government official aware of the development told the publication. Also, the government of Gujarat has already earmarked land in the Chinese park located near Sanand auto manufacturing zone for the company.
“In the second round of advanced talks last week, Great Wall Motors unveiled plans to invest close to $1 billion (approximately Rs 7,000 crore) in India. We have shared our policy and incentive details along with details of available land,” the official added. The report also suggests that Great Wall Motors has approved an India unit which will be known by the name 'Haval India', the company will be headquartered in Gurugram in the National Capital Region of India. The company will also make its presence felt at the upcoming Auto Expo 2020.
Great Wall Motors already has a global presence and operates plants in countries like Bulgaria, Ecuador, Ethiopia, Indonesia, Iran, Nigeria, Russia, Senegal, Ukraine and Vietnam. The upcoming Gujarat based facility will be its first plant in India.
Also Read: Haval H6 Coupe - Auto Shanghai Live
For the uninitiated, Great Wall Motors is headquartered in Baoding, Hebei, China and was originally formed back in 1984. GWM is China's largest producer of SUVs and pick-up trucks.
[Source: TimesOfIndia]