China carmaker Chery could partner with Tata Motors for India entry
A news outlet has reported that one of China's prominent carmakers, Chery Automobile Co., has held detailed talks with Tata Motors about a possible partnership that will lead to the Chery's India debut. The exact nature of this partnership is still to be finalized, it could take the form of a joint venture, a retail sales tie-up or technology sharing deal.
This development comes at a time when Chinese carmakers, so far content with a strong local presence, have started to look at India for growth, even as the Chinese car market slows. The first such entrant will be SAIC with its MG Hector SUV, set to debut this week. Great Wall Motors has also conducted multiple studies and finalized a 2021-22 India debut.
A quote by Mint mentions, "Senior management of Tata Motors was in China this year and they did visit the facilities of Chery as well. A return visit by Chery's senior executives to India is also on the cards in the next few months. Most of the leading Chinese companies are looking at the Indian markets since the potential is huge and India is the only market projected to grow significantly in the long run."
Tata Motors already has a previous connection with Chery. It's premium arm, Jaguar Land Rover partners with Chery for its Chinese operations.
Starts Rs 12.74 Lakhs
- News2021 Toyota Camry Hybrid facelift unveiled internationally
- NewsMercedes-Benz India and SBI tie-up to offer financial benefits
- NewsPorsche Taycan sets world record going sideways
- NewsIndia two-wheeler helmet market is projected to grow at a double digit rate, Sidhartha Khurana, STUDDS
- NewsNew-gen Honda City hatchback to replace Jazz in some markets