China’s oldest automaker Changan Automobile Company is rumoured to be planning to enter India during the subsequent fiscal year. The Chinese carmaker is contemplating to speculate Rs. one thousand Crores for the preliminary phase to set up a brand new facility. Changan Automobile has launched two brand new pickup trucks on the Chinese market, low cost as hell however not wanting dangerous, set to compete in an ever more crowded section.
The model worth of ChangAn additionally rose to RMB 8.02 billion in 2004 from 2.5 billion in 1998. The brand value of ChangAn also rose to RMB eight.02 billion in 2004 from 2.5 billion in 1998. The company has a historical past of 153 years, with 32 years’ expertise in automotive manufacturing. China’s oldest carmaker Changan Automobiles are planning to enter the Indian market in the subsequent financial yr. The new Changan CX70 SUV was unveiled on the 2016 Beijing Auto Show , looking clear in white with a shiny bling bling grille.
Changan is one of the largest car producers in China and employs nearly 50,000 people worldwide and is affiliated to the state-owned China South Industries Group Corporation. From 2001 on, Changan has begun to cooperate continuously with some automotive design firms in Turin.
Over the years, Changan Automobile has been among the Top 500 industrial enterprises, Top 100 manufacturing corporations and Top 20 listed firms in China, and the Top 50 industrial enterprises in Chongqing Municipality. In 1999, the success of the Star in a series of presidency security collision exams satisfied the federal government to help the expansion of China’s home car industry. Based on potential insight to the longer term and the profound understanding in direction of consumer demand, Changan has invested closely in the research and growth of recent energy vehicles.
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