SAIC, Great Wall in talks to acquire GM’s India plant
China's SAIC Motor Corporation and Great Wall Motors are said to be in talks with General Motors to jointly acquire the US carmaker's remaining vehicle assembly plant in India, according to local reports in India.
The plant, located in Talegoan in India's south-western state of Maharashtra, has a production capacity of 165,000 vehicles and 160,000 powertrains per year.
SAIC had already acquired GM's other vehicle assembly plant in Halol in the state of Gujurat in 2017, where it produces vehicles under the MG brand – which SAIC acquired in 2007.
For SAIC and Great Wall, acquiring an existing plant will allow them to expand more quickly in the Indian market.