Great Wall Motors to invest Rs. 7,000 crore in Gujarat plant

According to a media report, China-based Great Wall Motors is likely to set up a new manufacturing plant in the state of Gujarat. The carmaker has proposed to invest an estimated Rs. 7,000 crore in it.

The report says that the state government has earmarked land for the company in the Chinese park near Sanand. Great Wall plans to produce both electric vehicles and conventional fossil fuel powered vehicles at the new factory.

Great Wall Motors is likely to operate in India under the name Haval India with its headquarters in Gurgaon. It is also planning to showcase its products at the 2020 Auto Expo.

Source: Economic Times