A Car factory set up has been finalised plans of China's SAIC

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SAIC Motor, one of the biggest vehicle-making companies in the world and the largest in China, finalises its plan to enter the Indian Automobile market through a fully-owned car manufacturing facility in the country.

Ranked 46th in the Fortune Global 500 list, with an annual revenue of over USD 100 billion, SAIC will start local manufacturing in 2019. It will debut the British brand MG (Morris Garages), which it had bought some years ago.

No Chinese automobile maker has been able to successfully crack the Indian market. Several of them announced plans only to abort them later due to unspecified reasons.

The company is in the process of finalising its manufacturing facility and is firming up its product strategy for the Indian market, as details of which will be announced at the later stage.

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