Mumbai — SAIC Motor, China’s largest vehicle maker by sales volume, plans to set up its first car manufacturing plant in India as Chinese car makers rivals push into overseas markets. The Shanghai-based state-owned vehicle maker will bring its MG brand to the South Asian country and begin operations in 2019, it said in a statement on Wednesday. The vehicle maker will set up a wholly owned unit in India, to be headed by former General Motors executive Rajeev Chaba, and announce details of its manufacturing plant and product strategy at a later stage. SAIC’s entry would make it the first Chinese car maker to produce passenger cars in India, projected to become the third-largest vehicle market worldwide in 2020. China is encouraging its domestic companies to venture overseas and seek greater market share, as part of a broader goal to strengthen the country’s motor industry. Great Wall Motor and Guangzhou Automobile Group are working on selling their models in developed markets such as ...
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