Mahindra & Mahindra is weighing plans to launch its sports utility vehicles Scorpio, Bolero, Xylo and pickup trucks in the Chinese market where its tractors already have a presence through Mahindra China Tractors, a joint venture company between M&M and Jiangling Motors Company.
The Chinese automotive market is more than three times the size of the Indian market at close to 9 million units annually, it is a restricted market due to stringent government regulations. Automotive companies like Ford, Volkswagen, General Motors operate in China through joint ventures with local auto companies. The auto market in China has been slowing down according to recent reports. The growth in the auto sector has slowed down to 18 per cent in the first half of this year with sales at 5.18 million units.
