Chinese auto maker, JAC might launch car in India
Anhui Jianghuai Automobile Company, one of the oldest automakers in China is eager to make their presence felt in India, especially in the passenger car and medium to heavy truck segments. Also known as JAC, the company has already sent top executives ahead to India to identify suitable locations to set up a plant for assembly of their range of vehicles via import of CKD kits from China.
JAC is third automaker besides Beiqi Foton and Great Wall Motors to plan entry into India’s domestic market. The company is headquartered in Anhui province of China and is noted for its cars and heavy duty trucks besides small component and engine manufacture. JAC has been in operation for the past 40 years and has an annual vehicle production capacity of over 700,000 units and 500,000 engine production in China.
While Beiqi Foton has set up a commercial vehicle plant at Khed near Pune, Great Wall Motors is close to finalizing its debut in the country with the Haval H5 SUV. With the Chinese market reaching its maturity, there is little scope for growth in the coming 4-5 years and hence the foray into newer markets such as India. JAC Motors have an extensive portfolio of both hatchbacks and SUVs which include J2 and J6 hatchbacks, J3 compact sedan, J5 D-segment sedan, J7 sedan, S5 SUV, M1 and M5 MPVs all of which could make it to India, reveals ET.