China's Great Wall Motor has officially announced its entry into the Indian market on social media. The company has recently created a new twitter handle for India with its first tweet saying - "Namaste India! All set for great things ahead". The post also has a small teaser video featuring the outline of an SUV, which is indicative of the company's plan to begin its operations with the launch on an SUV. It makes sense considering the brand is known for its SUV and pick-up range in China and right now, it is the hottest segment in India.
GWM has announced the creation of an R&D centre in Bangalore, India as part of a strategy to enter the Indian auto market. Also, back in November 2019, we told you that the Chinese automaker is reportedly planning to invest about ? 7,000 crore in India. Furthermore, Great Wall is said to be looking at land options across the country for its manufacturing facility. It has been looking for land options in other parts of Maharashtra, as well as Gujarat, Karnataka, Andhra Pradesh, and Tamil Nadu. It was also reported that Great Wall has already signed a Memorandum of Understanding (MoU) with GM for the Talegaon plant and could take possession by May-June this year.