Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Chinese car manufacturers Great Wall Motor (GWM) and <keyword id="8533178" type="COMPANY" weightage="20" keywordseo="FAW-Haima">FAW Haima</keyword> showcased their first vehicles for the Indian market in the Auto Expo 2020. </li><li>The news came after China’s car sales <a href="https://www.ft.com/content/fd99301a-35f2-11ea-a6d3-9a26f8c3cba4">tumbled</a> for the second year in a row, analysts are unsure of the recovery. </li><li>HS Markit estimated India to take over Japan by 2025 and become the world’s third-largest car market after China. </li></ul>As if 10 months of straight fall in <a href="https://www.livemint.com/auto-news/india-auto-sales-decline-for-10th-straight-month-worst-slump-in-two-decades-1568010510610.html">Indian auto sales</a> was not enough, car markers like Maruti and Mahindra are now faced with a rush of Chinese peers driven to India by Beijing's one-car policy. Chinese car manufacturers Great Wall Motor (GWM) and FAW Haima showcased their first vehicles in India at the Auto Expo in February. FAW Hamina will also be launching FAW Haima 8S, a mid-size SUV in India. Chinese manufacturer <keyword id="142901" type="COMPANY" weightage="20" keywordseo="SAIC-Motor">SAIC Motor</keyword> has been selling MG cars in India for the last one year. Another Chinese brand BYD Auto which makes electric buses in India has also announced plans of launching electric vans. This will bring a new phase of competition in the Indian car market, <a href="https://www.motilaloswal.com/site/rreports/HTML/637169279782980001/index.htm">said</a> Motilal Oswal brokerage. Currently, Japanese joint venture <keyword id="44883" type="DOMAIN" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> and South Korea’s Hyundai dominate the Indian market. Added to that, the market is also replete with German and other foreign automakers like Ford, Skoda, Renault and Audi. And these existing market players too had to resort to price cuts and other measures to clear their inventory ahead of a change in emission regulation would make BSIV cars irrelevant to the market. The Indian government has decided to disallow the sale of cars that do not cater to BSVI norms by April 2020. 
 
 
 
 <div type="image" title="Models pose next to Great Wall Motors (GWM) GWM R1 electric car at its pavilion at the India Auto Expo 2020 in Greater Noida" msid="74330292" hostid="261" caption="&amp;lt;p&amp;gt;Models pose next to Great Wall Motors (GWM) GWM R1 electric car at its pavilion at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. REUTERS/Anushree Fadnavis&amp;lt;/p&amp;gt;"></div>









 In spite of a sales slowdown, the demand however is higher for those cars which comply with changed emission norms. MG Hector belongs to this category. Both its launches were successful as the bookings crossed 50,000 units in eight months since its launch. Another recent entrant is the South Korea-based Kia Motors, which debuted with Kia Seltos, a mid size SUV in August 2019. Seltos became another hot seller that gave tough competition to Hector. And now, Kia has launched its second car in the market – Kia Carnival. Kia’s cars too are BSVI compliant. 
 
 
 
 <div type="image" title="Greater Noida: A model poses beside Maruti Suzuki&amp;#39;s Celerio during the Auto Expo..." msid="74330334" hostid="261" caption="&amp;lt;p&amp;gt;A model poses beside Maruti Suzuki&amp;#39;s Celerio during the Auto Expo 2020 in Greater Noida.Photo/Ravi Choudhary)(&amp;lt;/p&amp;gt;"></div>









 Chinese auto giants need India A new market is necessary for Chinese car makers as their sales <a href="https://www.ft.com/content/fd99301a-35f2-11ea-a6d3-9a26f8c3cba4">tumbled</a> for the second year in a row. A reason for the declining sales could be Beijing’s one-car policy. Several Chinese cities over the last few years introduced a quota on car ownership, which limits the number of new cars registered in the city during a year. It also states that only one car can be registered locally per person. According to the China Association of Automobile Manufacturers, the sales dropped almost 8.2% to 25.8 million vehicles in 2019. Puneet Gupta, an analyst at <keyword id="3534353" type="COMPANY" weightage="20" keywordseo="ihs-markit">IHS Markit</keyword>, told <a href="https://www.ft.com/content/cdd17dc6-5314-11ea-8841-482eed0038b1">FT</a>, “They have been planning their India entry strategy for years. Finally, we are now seeing a lot of action.” IHS Markit estimated that India will overtake Japan by 2025 to become the world’s third-largest car market after China. And China is keen on reaching out to this emerging market. GWM unveiled its Haval brand of a sport utility vehicle (SUV) and vehicle concept 2025 during the Auto Expo 2020. It also plans to invest around ₹7,000 crore in India in manufacturing plants, vehicle research and development, production of power batteries and electric drives, vehicle and component manufacturing. They are also ready for the regulatory challenges that the market presents. “With the BS-VI kicking in we need to gauge the sentiment. We are preparing for that as we have 10 global Research &amp; Development centres that equip us to prepare anything and everything that is required to bring and make it successful in India,” Hardeep Singh Barar, sales director at GWM told <a href="https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/etauto-original-great-wall-motor-to-bring-electric-suv-under-haval-brand-to-india/74167013">ET Auto</a>. SEE ALSO: <a href="https://www.businessinsider.in/slideshows/miscellaneous/these-are-the-16-most-unreliable-car-brands-for-2020/slidelist/74326626.cms">These Are The 16 Most Unreliable Car Brands For 2020</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-from-maruti-suzuki-in-india/articleshow/74316659.cms">Upcoming cars from Maruti Suzuki in India</a>

Maruti, Mahindra and the likes have a new battle to fight – the growing Chinese competition amidst slowdown

You Searched For "FAW Haima" and got 1 results

Maruti, Mahindra and the likes have a new battle to fight – the growing Chinese competition amidst slowdown

Navdeep Yadav

Popular Keywords

Buying Guides