SAIC's sales of vehicles in Indian market step up a gear
By Wang Ying in Shanghai | China Daily | Updated: 2019-11-14 07:57
India has become SAIC Motor Corp Ltd's seventh overseas market with a sales volume of 10,000 vehicles, and so far SAIC has received more than 38,000 orders for its locally-made MG Hector from the Indian market, senior executives of the company said on Wednesday.
Since the vehicle model manufactured in the factory at Halol in Western Indian state of Gujarat was launched in June, Shanghai-based SAIC has kept expanding its output to meet the rising demand.
By producing automobiles under its self-owned MG brand, SAIC is looking to significantly increase its capacity in India, which is expected to overtake Japan to become the world's third-largest automotive market around 2020.
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