Great Wall Motors had issues with a setback after the Maharashtra government had put on hold investment regulations from three Chinese companies, including Great Wall Motors, in June last year which made a Lack Into Indian market. Those plans, then, had to be put off on account of a variety of factors, including the coronavirus pandemic as well as the growing border tensions between India and China that severely restricted the requisite FDI approvals.
Anyway, we have some news about the automaker’s arrival here — word has it that the Chinese carmaker is completely reevaluating its strategy for its India debut. From what we hear, the company has now decided to forego its initial billion-dollar plan and instead opt for a pared down investment strategy.
And apparently that’s not the only change in Great Wall Motor’s India strategy — the company is now also considering starting off business here with completely built units as well as completely knocked-down kits to get things going in India.