The Indian Automobile sector, currently the 5th largest, is slated to become the 3rd largest market in the world by 2020. In the last few years, Automobile manufacturers are increasing their portfolio and trying to increase their market share. Players like Volkswagen, Ford and General Motors have been in the country for almost a decade and still haven’t figured out the Indian car market. Players like Toyota, Maruti Suzuki and Honda enjoy a healthy share of the market and have been steadily growing year on year.
Now, Chinese car manufacturers, SAIC Motor Corp and Great Wall Motor plan to make a foray into the Indian automobile market. They are currently in talks with the Government of Maharashtra and plan to set up their manufacturing unit in the city of Pune. SAIC plans to take over the GM plant in Gujrat and talks on this matter are in the process.
What this means for the Indian automobile market is that there are going to be a slew of launches coming in from these Chinese manufacturers. Once could expect SUV’s which do not cost a fortune to be introduced in the near future. Despite Chinese manufacturers having a not so good reputation, the Indian mindset of price over anything will work in their favour.
Great Wall Motors SUV line-up: Great Wall H6, Great Wall H5E, Great Wall M4, Great Wall H3.
SAIC Motor SUV line-up: Roewe W5, MG GS.
Companies currently operating in the Indian automobile market should definitely make note of this.