Chery International may enter India

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Chery International is studying the possibility of entering India, becoming the latest among Chinese automakers to show interest in this fast-growing automobile market.

China's top car exporter, which has a joint venture with Tata Motors' Jaguar Land Rover (JLR) unit in its home country, may leverage that partners hip to drive into this market or look at other options, its chairman said.

“India is a great country with a good heritage. We have a partnership with Tata Group. We may explore a tie-up to enter India,“ Yin Tongyao told ET on the sidelines of the Frankfurt Motor Show last week. “It may be with Tata Motors or without them, nothing is decided.“

Chinese automakers have long been talking about entering India, but have yet to launch their products here.But some of them have taken more definite steps in recent times, as they look for new markets to offset a slowdown in sales growth at home.

While Shanghai Automotive and Beiqi Foton have firmed up their India plans, Changan and Great Wall have had several rounds of discussions with authorities here. Chery, a state owned company, has sold more than six million vehicles since its inception two decades ago.

Tata Motors previously had discussions with Chery for a collaboration on platforms and engines as well as the Chinese carmaker's India entry plans.

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