Maharashtra Govt Freezes GWM (Great Wall Motors) Investment Amid India-China Tensions


Source: cardekho.com cardekho.com

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The Chinese carmaker had signed an MoU to set up a manufacturing facility in Talegaon, Maharashtra GWM signed an MoU with the Maharashtra government for the Talegaon manufacturing plant just prior to the border clashes. The Maharashtra government has now put this investment on hold. The decision was taken in consultation with the Union government in the wake of the recent face-off between India and China. Expect GWM to delay the launch of its Haval brand of SUVs in India. Chinese automaker Great Wall Motors (GWM) recently signed a memorandum of understanding (MoU) with the Maharashtra government for investing in...