Chinese auto giants debut at Auto Expo 2020, eye Indian market. Maruti Suzuki's electric vehicle plans take a back seat.
In case you weren't aware of it, the 15th edition of Auto Expo - Asia's largest carnival of automobiles - is underway in Noida from February 5th to February 12th.
Many big auto companies like Tata Motors, Mahindra and Mahindra and Hyundai Motor India are announcing several new vehicles launches in the near to mid-term. But what's unique about this Auto Expo is the energy and eagerness with which Chinese carmakers have sought to enter the world's fourth-largest auto market.
Top Chinese carmakers SAIC Motor, Great Wall and Haima Automobile made their debut at the Expo yesterday. MG Motor India, a unit of SAIC, plans to roll out at least half a dozen new vehicles through 2025, to add to its existing Hector sport-utility vehicle and the ZS electric SUV. Great Wall and Haima said they would launch new vehicles in India in the next few quarters. The former also plans to invest in a lithium-ion battery manufacturing unit in the country. [Livemint]
Electric Some Other Day
Speaking of electric vehicle technology, Maruti Suzuki, India's largest carmaker, has said it will not be launching an electric vehicle even as its competitors in India and abroad go full throttle on going electric. Chief Executive Kenichi Ayukawa cited range anxiety and the high cost of acquisition as reasons for the auto giant's decision. [BS]
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