Changan Automobile, plans to enter India in next year
- Gayathri Mathivanan
- July 8, 2016, 12:27 PM
China's Changan Automobile Company plans to enter India in the next financial year, reported ET Now. Changan is China's fourth-largest carmaker by sales volume. This will be the first investment by a Chinese car maker in India. The report comes as growth in the world's largest auto market nears stagnation and price competition intensifies.
In April its President Zhu Huarong said that China's indigenous automakers lack pricing power and lag established global brands in major market segments such as sedans.
Changan Automobile Company has a joint venture in China with Ford Motor, Suzuki and PSA Peugeot Citroen. Changan claims to have over 6,000 sales & service facilities in more than 60 countries around the world.
Changan Automobiles specialises in manufacturing basic, no-frills cars, sedans and SUVs. Some of its popular models are Alsvin, Benni, CX20, CS35 and CS75. It will be interesting to see which models Changan will launch in India.
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