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According to India’s “Economic Times†report, as the new government of India has increased its focus on infrastructure construction, Beiben Group has begun to consider entering the Indian commercial vehicle market, and will introduce a series of new vehicles to the local market in the future.
The huge growth potential of the Indian market is very attractive to Chinese auto companies. Through cooperation with General Motors India, SAIC has introduced several models to India, and Great Wall Motor will also promote its own Haval H5SUV in the future. Indian market.
According to reports, Beiqi Foton will soon open a new factory in India at the end of this year. JAC has already expressed its intention to enter the Indian market and build a CKD vehicle assembly plant in the country. In the future, it will consider selling passenger cars, medium-sized vehicles and Heavy commercial vehicles.
Analysts said that as the growth rate of the Chinese domestic market has gradually slowed down, Chinese auto makers will increasingly focus on overseas markets, and India is one of the important target markets.
“China’s commercial vehicle market has matured, and we expect this market to be hard to see significant growth in the next four to five years,†said Amit Kaushik, an analyst at IHS Automotive. “On the other hand, it benefits from the urbanization and infrastructure improvement of the Indian government. The planning of the local market has considerable growth potential. Therefore, many Chinese truck manufacturers want to enter India."