General Motors and China's SAIC Motor Corp will announce a tie-up today to expand into the Indian market, marking a significant step in China's efforts to gain a foothold in one of the world's largest emerging markets for cars.
GM and SAIC – which are already in a joint venture in China – are expected to say they plan to sell some of the Chinese producer's light commercial vehicles in India, including minivans and mini-trucks, a segment dominated by domestic market leader Tata Motors.
GM already produces vehicles in India and its sales there rose 65 per cent in November over the same period a year earlier to 7,118 units.
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