India media tests drive the China SAIC cars and feel excited on the Chinese vehicles

[GS Zhou]

India media tests drive the China SAIC cars recently. Here are the videos

 

[Nilgiri]

Great to see this. Good realisation of the potential that exists. @GeraltofRivia @Two @Genesis @serenity @anant_s @Tshering22 @kmc_chacko

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https://www.thehindubusinessline.co...-gears-up-for-india-drive/article25290099.ece

Quote:

From Yang’s point of view, India was important to SAIC by virtue of the fact that it is rapidly on its way to becoming the third largest automobile market in the world next decade.

MG Motor’s Halol plant in Gujarat has a capacity of 80,000 units annually and this is expected to be fully optimised by 2021-22.

SAIC will then embark upon its second phase of expansion, which will see overall production numbers grow to 200,000 units.

Rajeev Chaba, Managing Director and President of MG Motor India, said the company had the option to dip into a huge portfolio of products for its India innings.

Apart from the MG brand of passenger vehicles, SAIC also has the Maxus brand in its commercial vehicle range. This may well become a part of the Phase-II expansion programme if the company wishes to expand its India basket.

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@Sam. I think you were mentioning you are involved in a SAIC project?

 

[Sam.]

Great to see this. Good realisation of the potential that exists. @GeraltofRivia @Two @Genesis @serenity @anant_s @Tshering22 @kmc_chacko

=========

https://www.thehindubusinessline.co...-gears-up-for-india-drive/article25290099.ece

Quote:

From Yang’s point of view, India was important to SAIC by virtue of the fact that it is rapidly on its way to becoming the third largest automobile market in the world next decade.

MG Motor’s Halol plant in Gujarat has a capacity of 80,000 units annually and this is expected to be fully optimised by 2021-22.

SAIC will then embark upon its second phase of expansion, which will see overall production numbers grow to 200,000 units.

Rajeev Chaba, Managing Director and President of MG Motor India, said the company had the option to dip into a huge portfolio of products for its India innings.

Apart from the MG brand of passenger vehicles, SAIC also has the Maxus brand in its commercial vehicle range. This may well become a part of the Phase-II expansion programme if the company wishes to expand its India basket.

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@Sam. I think you were mentioning you are involved in a SAIC project?

Yes we had proto assembly test on 14th Feb and it was successful and very smooth production so our hard work paid off. Now we move towards mass production.

 

[serenity]

This shows why China is so interested really in keeping good relations with India and improve it for future. We have actually seen so much restraint from the Chinese government in going into conflict with India on issues in recent past. India will be an even more important market for China in future. Just like how China is an important market for other countries to sell their things. Of course the government keeps Yuan low so Chinese market find it hard and expensive to buy outside but Chinese goods remain cheap for export.

Xiaomi phones are just one example why Indian market is important for China. No Indian market, no Xiaomi or any business idea similar to how Xiaomi conducts operations. Emerging countries are always full of opportunity. If Chinese car makers can continue to improve on quality and keep pricing very competitive, they may venture outside of China in some years. Maybe Indian government will want to force cooperation and technology exchanges for ventures. India should not let the size of its market be had for cheap by others. Chinese government did the right thing for Chinese companies and citizens in using the size of our market to our advantage. India should do the same for everyone else since it is in a very similar position. Of course this may end up with others feeling bad about it and hitting back like USA is conducting trade war on China. This is where cunning leaders show their political skills.

 

[Nilgiri]

This shows why China is so interested really in keeping good relations with India and improve it for future. We have actually seen so much restraint from the Chinese government in going into conflict with India on issues in recent past. India will be an even more important market for China in future. Just like how China is an important market for other countries to sell their things. Of course the government keeps Yuan low so Chinese market find it hard and expensive to buy outside but Chinese goods remain cheap for export.

Xiaomi phones are just one example why Indian market is important for China. No Indian market, no Xiaomi or any business idea similar to how Xiaomi conducts operations. Emerging countries are always full of opportunity. If Chinese car makers can continue to improve on quality and keep pricing very competitive, they may venture outside of China in some years. Maybe Indian government will want to force cooperation and technology exchanges for ventures. India should not let the size of its market be had for cheap by others. Chinese government did the right thing for Chinese companies and citizens in using the size of our market to our advantage. India should do the same for everyone else since it is in a very similar position. Of course this may end up with others feeling bad about it and hitting back like USA is conducting trade war on China. This is where cunning leaders show their political skills.

Well in the end it boils down to how well Indian govt runs its affairs. With low fiscal deficit (now in 3% of GDP region rather than 5 or 6% region of before when it was at worst), means China needs to invest the current account surplus more into investment into India rather than lending surplus forex back to India (the govt mostly) for its deficit spending. I.e the chinese capital account deficit is turned more into FDI which is good for both sides....which also stabilises the current account deficit of India with china closer to 0 in long run.

China also needs to reform its economy over time, it cannot forever run the Yuan so low to essentially subsidise its labour/employment level (at cost of its consumption, creation of bubbles through overcapacity/overinvestment into sectors etc because of the market distortion forces that are generated).

Wen Jiabao was prudent when he recognised this much earlier and the need for China to hedge its economic strategy. The US trade war (given it eventually becomes a battle about employment and stable income in the bottom half of wealth pyramid of each country) is just the 1st domino that is shaky now....and we must see how it falls and what chain of dominoes there might be policy wise behind it. There is much to learn from this for China too.

 

[Han Patriot]

And without the Chinese market, TATA is nearly bankrupt due to Jaguar.

 

[Jlaw]

And without the Chinese market, TATA is nearly bankrupt due to Jaguar.

Chinese people buy TATA cars?

 

[Han Patriot]

Chinese people buy TATA cars?

TATA owns the Jaguar brand. It's made in England so Chinese don't know it's Indian owned, but if they do, they won't buy it.

 

[d00od00o]

TATA owns the Jaguar brand. It's made in England so Chinese don't know it's Indian owned, but if they do, they won't buy it.

I think they do now...

 

[Nilgiri]

Looks like the dumb trolls showed up on cue as usual.

 

[GeraltofRivia]

Well in the end it boils down to how well Indian govt runs its affairs. With low fiscal deficit (now in 3% of GDP region rather than 5 or 6% region of before when it was at worst), means China needs to invest the current account surplus more into investment into India rather than lending surplus forex back to India (the govt mostly) for its deficit spending. I.e the chinese capital account deficit is turned more into FDI which is good for both sides....which also stabilises the current account deficit of India with china closer to 0 in long run.

It is simply appealing to invest the current account surplus to India as FDI which delivers far better returns than say holding US T-bonds. This should continue even with a much smaller current account surplus going forward.I guess the only concern from an investor perspective is major depreciation in Indian Rupee.

US can no longer blame China for driving its real interest rate down ie "saving glut" (fact that they have enjoyed low rate for years). they will find it more expensive to fund their deficit goimg forward.

 

[KapitaanAli]

MG Motors under SAIC may be good or bad, but almost all "review" videos currently available are sponsored by SAIC. The reviewers are sometimes paid handsomely and always flown around.

Wait till proper launch to have better feedback.

 

[padamchen]

MG Motors under SAIC may be good or bad, but almost all "review" videos currently available are sponsored by SAIC. The reviewers are sometimes paid handsomely and always flown around.

Wait till proper launch to have better feedback.

MG is a very respected old Brit racing brand.

Same one?

Cheers, Doc

 

[KapitaanAli]

MG is a very respected old Brit racing brand.

Same one?

Cheers, Doc

Yes. Morris Garages.

MG Motor owned by SAIC has the rights to the old MG marque.

 

[GS Zhou]

SAIC says it also has the plan to bring its full electric car models to India. I'm not sure if SAIC Roewe Marvel X, SAIC's flagship model, is in the pipeline. If they do, I guess the model will be bearing the MG logo in India, because MG would be with higher acceptance in India.

Highlights of the flagship model of SAIC Group.
- Marvel X is a full-electric SUV model; it has a 53kwh battery pack, and 400km in range
- 40 minute fast charge to 80% of the electricity
- Equipped with almost all kinds of safety/driving assistance technologies
- Real view navigation
- A very futuristic cabin.
- Priced at RMB 300k in China (or 3 million INR)

Real view navigation:

Front trunk of the vehicle:

Marvel X on the road

Marvel X in charging:

Charging bill:

(41.93 kwh electricity charged in 40 min. 32 seconds; at the cost of CNY 26.94)
(one CNY = ten Rupee)
FYI: This amount of power (42kwh) could support the car to run around 300km. I.e. 300km drive costs INR 300, per km cost is one Rupee only.