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The joint venture is expected to be established by the end of 2022, subject to customary precedent conditions such as applicable merger control clearances. The JV will start its production in early 2024.
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After facing a tough stance on its India entry and hanging on the edge for over two years, Chinese SUV maker Great Wall Motors (GWM) has finally called it quits by firing 11 Indian employees from its organisation. The company had initially proposed an investment of USD 1 billion (INR7000 crore) and had plans to start manufacturing in 2021.
After facing a tough stance on its India entry and hanging on the edge for over two years, Chinese SUV maker Great Wall Motors (GWM) has finally called it quits by firing 11 Indian employees from its organisation. The company had initially proposed an investment of USD 1 billion (INR7000 crore) and had plans to start manufacturing in 2021.
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