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December 3, 2009
Chinese auto giant SAIC Motor and its partner General Motors are expected to announce a joint venture in India tomorrow, Dow Jones reported today, citing a source with knowledge of the matter.
GM already makes passenger vehicles in India, but the new joint venture can expand its operations, the source said. In October, Indian media reported that Shanghai-based SAIC Motor was in talks with GM for exploring opportunities in India, a fast-growing auto market, and close to taking a stake in GM India.
GM and SAIC have passenger and commercial vehicle-making joint ventures in China. The U.S. automaker produces Cadillac, Buick and Chevrolet models in Shanghai with SAIC. The partners also manufacture Wuling-brand minivans and pick-up trucks in southern China.
SAIC-GM-Wuling Automobile, a three-way joint venture between General Motors, SAIC Motor and Wuling Automobile, has been looking at the possibility of bringing its minivans into the Indian car market, Chinese media reported in late October.
SAIC Motor, which anyway plays a greater role with GM in the Chinese market, was tipped to purchase stake in GM India's Talegaon plant. There are reports that different vehicle categories would see their entry in the Indian motor landscape.
With its Indian joint venture to operate, SAIC will be able to get immediate access to the booming Indian market. A wide range of Shanghai GM models, in addition to the Wuling minivans, will be produced and sold in India.
http://autonews.gasgoo.com/auto-news/1013195/SAIC-GM-said-to-announce-Indian-JV-on-Friday.html
Chinese auto giant SAIC Motor and its partner General Motors are expected to announce a joint venture in India tomorrow, Dow Jones reported today, citing a source with knowledge of the matter.
GM already makes passenger vehicles in India, but the new joint venture can expand its operations, the source said. In October, Indian media reported that Shanghai-based SAIC Motor was in talks with GM for exploring opportunities in India, a fast-growing auto market, and close to taking a stake in GM India.
GM and SAIC have passenger and commercial vehicle-making joint ventures in China. The U.S. automaker produces Cadillac, Buick and Chevrolet models in Shanghai with SAIC. The partners also manufacture Wuling-brand minivans and pick-up trucks in southern China.
SAIC-GM-Wuling Automobile, a three-way joint venture between General Motors, SAIC Motor and Wuling Automobile, has been looking at the possibility of bringing its minivans into the Indian car market, Chinese media reported in late October.
SAIC Motor, which anyway plays a greater role with GM in the Chinese market, was tipped to purchase stake in GM India's Talegaon plant. There are reports that different vehicle categories would see their entry in the Indian motor landscape.
With its Indian joint venture to operate, SAIC will be able to get immediate access to the booming Indian market. A wide range of Shanghai GM models, in addition to the Wuling minivans, will be produced and sold in India.
http://autonews.gasgoo.com/auto-news/1013195/SAIC-GM-said-to-announce-Indian-JV-on-Friday.html