SAIC, GM in talks on cooperation in India
SAIC Motor Corp, China's biggest automaker, is in talks with its partner General Motors to explore new business opportunities that include India, a source with knowledge of the matter said.
India's Economic Times reported that the Shanghai-based automaker was close to taking a stake in General Motors India but did not provide further details.
The source told Reuters that discussions between SAIC and GM, which currently manufacture cars and light commercial vehicles for the Chinese market, aimed at expanding their ties, including opportunities in India, one of the world's fastest growing auto markets.
"GM's discussions with SAIC include business opportunities in India, but no final decision has been made on how they will cooperate," the source said.
SAIC said only that it was continuing discussions on further business opportunities with GM, while GM had no comment on the matter.
