China's SAIC plans to Make in India soon
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China's biggest automobile manufacturer SAIC, which partners
SAIC -which also partners German auto giant Volkswagen in China -will be the first major automotive company from dragon land to start manufacturing in India, if the deal with GM materializes. The company is expected to begin its India operations by contract-manufacturing GM India's models that are already being made at Halol, sources said.
A spokesperson for GM India told TNN, "We are examining a number of options in relation to the Halol factory. We have nothing further to announce at this time."
SAIC had bailed out GM's India operations in 2010 when the company was battling bankruptcy in the US. GM's Indian business has been a laggard for many years. "After getting control of the Halol plant, SAIC may also sell its holding in GM India," a source said.
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Halol, GM's first factory in India, has a capacity of 1.1 kers.
(Image credits: indiatimes)
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