GWM acquires GM India's Talegaon plant

It is reported that Great Wall Motor (GWM) and General Motors have reached an agreement on the acquisition of GM's India Talegaon plant. According to the letter of intent signed by both parties, GM India, including the Talegaon plant, will be transferred to GWM. The agreement is still subject to approval by the relevant regulatory authorities.

GWM's vice president of strategy, Mr. Liu Xiangshang, said that the transaction will lay an important foundation for GWM to enter the Indian market. In 2019, GWM's Tula factory in Russia is completed and put into production, and the global development of Great Wall Motor has entered an accelerated phase. In 2020, Great Wall Motor plans to fully enter the Indian market and expand its global footprint again.

Mr. Liu also said: "The Indian market has great potential, rapid economic growth, and a good investment environment. Entering the Indian market is an important layout of Great Wall Motors globalization strategy. Energy India's national strategy is an important move to build a new India vision. "

In addition, GWM also plans to officially unveil the Haval brand and GWM EV at the Delhi International Auto Show, and announce the Indian market strategy to enter the Indian market.