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Sep 15, 2014

TRUCKMAKERS NEWS * China / India: Foton's

* India - Beiqi Foton’s India plans, involving investment of $400 mn, the largest FDI by a Chinese firm in 

(Photo Bloomberg : Foton's truck) Mumbai,India -The Live Mint, by Shally Seth Mohile -15 Sept 2014: -- The India plans of Beiqi Foton Motor Co. Pvt. Ltd, one of the world’s largest and China’s biggest commercial vehicle maker, may get a fillip with the maiden visit of Chinese president Xi Jinping, according to two people familiar with the company’s plans... In 2011, the Beijing-based firm had announced the construction of a new factory in Chakan near Pune to produce a full range of commercial vehicles for the Indian market. Beiqi Foton’s plans, involving an investment of $400 million, the largest foreign direct investment by a Chinese company in India, is yet to take shape with a decision regarding the kind of models to be introduced in India still pending... The firm plans to bring the full range—from small commercial vehicles to a heavy duty trucks. This will give it the much-needed economies of scale and help compete with established firms like Tata Motors and Ashok Leyland...

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