Currently, Chery International is working on the possibility of entering into the India auto market and hence became the latest among all the Chinese automakers to show interest in this fast-growing automobile market in India.
Chery international: China’s top car exporter, which has a joint venture with Tata Motors’ Jaguar Land Rover (JLR) unit in its home country, may pressure the partners, to drive into this market or look at other options, said its Chairman.
“India is a great country with a good heritage. We have a partnership with Tata Group. We may explore a tie-up to enter India,“ Yin Tongyao told ET on the sidelines of the Frankfurt Motor Show last week. “It may be with Tata Motors or without them, nothing is decided.“
Chinese automakers have always been in talks about entering India, but they haven’t launched any of their products in India.
While Shanghai Automotive and Beiqi Foton have firmed up their India plans, Changan and Great Wall have had several rounds of discussions with authorities here.
Chery being a state owned company, has sold more than six million vehicles since its beginning two decades ago.
Tata Motors previously was in talks with Chery for collaboration on platforms and engines as well as a base for the Chinese car maker’s entry in Indian market.
Chery chief executive Chen Anning said the evolution of the Indian market was very similar to that China had seen.