Chinese truck makers mulls to start operations in India

[katharnak]

NEW DELHI: Chinese truck manufacturers is mulling to commence operations in India since it is considered as the world's fast growing truck market. Sinotruk, a heavy truck makers of China, is planning to set up an assembly unit in India.

Shen Xiangke, Sinotruk's international spokesman, said, “We are hoping for an India partner to introduce our products into local market. Our India strategy is to establish a local assembly facility, which invites lower taxes in order to tap the buoyant local market that is ideal for our range of big trucks.”

Beiqi Foton Motor, the Chinese truck maker, is currently finalising locations for its Indian subsidiary. Shandong Shifeng , a manufacturer of agricultural light trucks, has commenced making vehicles with Hindustan Motors .

The Indian heavy truck market has witnessed a growth rate of 65% to 2.62 lakh units in 2010.