SAIC Motor expects GM India deal by year-end

SAIC Motor expects GM India deal by year-end
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First Published: Tue, Nov 03 2009. 10 44 PM IST
Updated: Tue, Nov 03 2009. 10 44 PM IST
Beijing: China’s biggest domestic auto maker SAIC Motor Corp. Ltd expects to reach an agreement on cooperating with General Motors Corp. in India by year-end as it seeks to boost sales overseas. Talks are still going on, chairman Hu Maoyuan said on Tuesday in Beijing. “We should be able to let you know details by the end of the year,” Hu said. GM and SAIC are discussing introducing Wuling vehicles in India as economic growth spurs demand for inexpensive vehicles. SAIC may also buy a stake in GM’s India operations.
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First Published: Tue, Nov 03 2009. 10 44 PM IST