Goodness Gracious Me – Chery going to India
Chery Automobile, Chinese Car News | AshApril 30, 20075:53 pm */]]>
According to the Business Standard, Chery may well be taking its small compact cars (aka, Chery QQ) to the Indian market.
Chery Automobiles, Chinas largest car-maker, is likely to team up with Delhi-based International Cars & Motors Ltd (ICML), makers of Sonalika tractors, to introduce a small car in India next year.L D Mittal, chairman, ICML, said his company was negotiating with several car manufacturers to introduce the right kind of compact car. He did not deny that Chery was one of them.We are planning to launch a premium hatchback in the Rs 3-4 lakh price range, which is the fastest-growing car segment in India, Mittal told Business Standard.Chery, with factories in Iran, Russia, Malaysia, Egypt and Pakistan, is keen on a footprint in India in its bid to become a large Asian car-maker. Chery has a bouquet of small cars that suits the Indian market. It dominates the compact and hatchback segment in China and specialises in the small-car technology currently in demand in India, a source said.Industry sources said ICML is planning to manufacture Chery products at competitive prices from its tax-free production facility at Amb in Himachal Pradesh. The 24 per cent excise break will translate into a major price gain for the ICML-Chery marriage. We are also in constant touch with ICML for any potential ancillary supplies for new products, a component manufacturer said.
So there you go, Indian CCT readers! Perhaps youll finally get your hands on a QQ, which to be fair do look a lot better than the Indian offerings (old Suzki Altos)
Ash came to China at 18 on a whim and never left. Some 10 years later he collected a degree and a family along the way and now focuses his time on watching the Chinese car industry develop. He has witnessed the market change from being minor backyard market in to the world’s biggest and most important market for all car manufacturers. You can contact or connect with him via Linkedin by clicking the ‘Website’ link.
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1 Comment so far, why not add your thoughts as well?
- hk says:May 6, 2011 at 10:59 am
Its very interesting..
Spark & QQ will face each other again in the Sub-continent.
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