Great Wall is buying the General Motors plant in India

Great Wall is buying the General Motors plant in India

FineAuto

Great Wall not so long ago entered into a contract with the heads of General Motors, confirming the purchase in the nearest time the plant of the company located in Maharashtra, India. The contract value, according to preliminary estimates, will reach about $ 300 million.

At the moment, the manufacturer is awaiting approval of the government of the state, then it is expected that this transaction fully closes. Thus, the brand wants to raise their sales, as noted by Vice-President Xiang Shan Liu.

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First Great Wall was planning construction of its own plant, the local market attracted by the manufacturer, like many of its competitors. While there has been a drop in sales of vehicles, however, on expectations of analysts LMC Automotive, after six years, the Indian market will come in the TOP 3 after the USA and China.

At the motor show in Delhi Chinese manufacturer plans to submit its news from the Haval and Great Wall EV, and the event will take place in a few weeks.

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