​Changan Automobile, China’s fourth-biggest automaker, plans to enter India in next fiscal

China’s Changan Automobile Company plans to enter India in the next financial year, reported ET Now. This will be the first investment by a Chinese car maker in India. The report comes as growth in the world’s largest auto market nears stagnation and price competition intensifies.
In April its President Zhu Huarong said that China’s indigenous automakers lack pricing power and lag established global brands in major market segments such as sedans. An Associated Press report stated that sales of SUVs..

Read more.. ​Changan Automobile, China’s fourth-biggest automaker, plans to enter India in next fiscal

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