China’s largest SUV maker Great Wall Motors is gung-ho on its India prospects, where it will invest an estimated $1 billion in a phased manner for manufacturing of not just cars but also lithium-ion batteries in the future.
“We plan to launch our SUVs at the earliest in 2021. We will get the Talegaon plant in the second half of 2020. The plant would require some changes as only small cars are being produced there presently,” said Kaushik Ganguly, Director, Strategy and Planning at the Indian Subsidiary of Great Wall Motors.
“We are already manufacturing most of the critical and high precision components in China, including EV batteries and e-Drivetrains. This can be produced in India too, depending on the market situation.”
Last month, the company and General Motors signed an agreement to acquire the latter’s Talegaon factory.