GAC has its presence in the markets of the Middle East, Europe, America, Asia and Africa.
During ongoing annual sessions of the National People’s Congress and the National Committee of the Chinese People’s Political Consultative Conference. Automobile entrepreneurs who are serving as NPC deputies or CPPCC members have answered online questions of Foreign Media. In this context, Mewati Sitaram, Editor in Chief, Mumbai Messenger Newspaper spoke to China’s leading Car company, Guangzhou Automobile Group Company (GAC)’s Feng Xingya, President and Executive Director. He happily answered all the questions. He also invited journalists to visit Guangzhou and the GAC unit.
India has a great demand for cars, especially electric vehicles, Does GAC group have any plans to enter India?
I am very optimistic about the Indian market and I think it is one of the most promising markets. It has a tremendous potential to welcome new products. Keeping in view of entering into the Indian Market, I visited India three years ago. My main aim was to do market research to enter the Indian market. I was supposed to visit India again but suddenly Covid19 emerged, so I could not get an opportunity to visit it again. China had strict Covid protocol and every citizen had to strictly adhere to it and I did the same thing. I am planning to visit India as early as possible to do market research once again and so to decide about entering it.
What’s your opinion about the Indian automobile market?
On my last visit to India, I could assess that your country is not producing adequate fuel and is dependent on other countries for fuel supply. So, it is a need of the hour to develop electric vehicles, which could be a boon. It will be very cost effective as far as fuel consumption is concerned. The EV would certainly save carbon emission too.
What are your plans to launch GAC in the India market?
India is a booming and biggest market after China for any industry. big. In India the tax policy varies according to the size and performance of different automobiles. Therefore, we need to develop products according to the realities in the Indian market. It is necessary to produce vehicles locally in India in future. I am sure, sooner or later we would be in India with CAG brands. Our research team is constantly evaluating so we should be ready to enter the India market.
About GAC Motor: Guangzhou Automobile Group Motor Co is known as GAC, in short.It is a Chinese automobile manufacturing company founded in 2008 with headquarters in Guangzhou. It focuses on making complete vehicles, auto parts and their trading. GAC Motor made its first foray into overseas markets in 2013. As of November 2021, it has entered the markets of the Middle East, Europe, America, Asia and Africa. In addition, the company set up exclusive distributors in several countries. It has set up the International Business Department to arrange its overseas export operations in 2013 and in the same year, it participated in the Detroit Auto Show for the first time as the only Chinese automaker. It has also stepped into Russia in December 2019 and opened a R&D center in Silicon Valley.
Editor in Chief : Mewati SItaram
