China’s biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai. IMAGE: For SAIC, the maker of marquee MG (above) and Roewe cars, India is next on the agenda. Photograph: Reuters. China’s largest automaker SAIC Motor (formerly Shanghai Automotive Industry Corporation) is finalising plans to invest about $1billion in India by 2018. It would look to manufacture products that would ... Rediff.com, 1 month ago
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