Chinese Automotive Manufacturers Bearish India Market
www.chinatrucks.com: Recently, the Society of Automobile Manufacturers (SIAM) announced in February the Indian commercial vehicle sales data. Data show that in February, the Indian commercial vehicle sales fell to 47,982, compared with the same period last year plummeted 29.8 percent, which is the Indian commercial vehicle market, the 10th consecutive month year on year decline.
For the Indian market, Chinese commercial enterprises can be described as "love-hate relationship." On the one hand, and China belong to the "BRIC" India is a huge market demand; while on the other hand, the strength of competition, higher threshold gave Chinese enterprises made no small challenge. Continuous decline of the market environment for Chinese commercial enterprises treat India more cautious.
At present, China's auto consumption tax from 5% to about 10% of the purchase price, but the Indian automobile consumption tax as high as 20% to 24% in 2013 and even increased to 30%. In addition, it is understood that India is also China's strong trade union march powerful car prices hindered. "Our car prices in the local plant is very difficult, because the local union is very strong, and do not like the introduction of foreign capital." Industry sources.
Recently there have been news that JAC plans to launch passenger cars, medium and heavy trucks in India. This is the second Beiqi Foton Motor Co., Ltd., Great Wall Motor Co., Ltd. The first three plans to enter the Indian market, Chinese car manufacturers. Currently, the JAC has sent several executives to go to India to implement the preliminary plan, SKD plant for the site.
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