According to a media report, China-based Changan Automobiles has postponed its plans to enter the Indian market by at least a year.
The report states that Changan has also deferred its plan to partner with the Landmark Group. The two companies had signed a memorandum of understanding (MoU) in 2019.
The decision was reportedly taken considering the effects of the Covid-19 pandemic on the market. It is also believed that going forward, the company might consider partnering with a local manufacturer.
The company is yet to finalize a site for its manufacturing unit. It has been in talks with vendors to setup a vendor park in Chennai.
Source: Read Full Article