Final: Petron vs Foton - Set 1 | PSL Invitational 2017
Kia, Chang'an, Beiqi Foton, Daihatsu and other automakers knock India.
MUMBAI Half a dozen manufacturers of the cars a beeline to enter India in the next 3-4 years, including South Korea Kia Motor, Daihatsu Peugeot Citreon Toyota and PSA Group three automakers in China Beiqi Foton, SAIC and Changan Automotive, who are developing a strategy in India to be part of the established market to be the third largest in the world by the end of the decade.
Eight people aware of the launch of these automakers and plans spoke with said Kia Motor was the first to announce its entry into India The company is close to finalizing the location in Andhra Pradesh for its plant and preparing to launch its cars in India in 2019.
Daihatsu and Toyota has just started emerging markets compact car company to plan products for emerging markets like India while PSA finalizes its partnership in India by 2018 with an eye on 2020 to 2021 deployment.
Beiqi Foton Chinese who originally acquired the land at Chakan, Pune to enter the Indian commercial vehicle space, decided to change direction and make passenger vehicles under the brand Borgward The company has already started to discuss with suppliers plan to locate a large van and SUV clutch in India from 2019 to 2020.
Foton compatriot and rival Changan is also finalizing the plant to India, likely to come in Andhra Pradesh in an around Sri Changan will enter the SUV B-segment space growing rapidly by 2019-2020 India to take Hyundai and Maruti Suzuki s Creta Brezza.
GM China joint venture partner, Shanghai Automotive Industry Corporation, or SAIC Motor Corporation Limited, feverishly negotiating with General Motors India to acquire it from the Halol plant Negotiation should end soon.
Gaurav Vangaal, principal analyst at IHS Automotive forecast Markit said that the Indian market will see the cumulative 60 million cars hit the roads in the next decade and clearly they won t be stables Maruti Suzuki and Hyundai alone.
With the Chinese market to correct itself and many mature markets experienced marginal growth, India is on everyone radar market not only grow, there will be more choice and competition will further intensify, making consumers the winner, said Vangaal.
As was officially announced a final decision to enter the Indian market, I am afraid we can not comment or confirm any rumors as such, said a spokesman for Kia Motor.
The emails sent to SAIC, Beiqi Foton and Changhan have elicited no response.
In a recent interview to ET, Chairman of PSA Carlos Tavares has confirmed India's part of his push to pass MTP The company is learned to have held talks with the Delhi government Mahindra to circumvent the law, nepotism and financial irregularities among others.
Beiqi Foton Kia Changan Daihatsu and other automakers knock India The Economic, Changan, Beiqi, Foton.