After European, Japanese and American car manufacturers it is now the turn of Malaysian car manufacturer Proton to enter the Indian car market.
According to a report in major English daily, the company is currently holding talks with Argentum Motors for getting its cars contract manufactured in India. Argentum Motors had acquired a facility in Haryana, earlier owned by Korean car manufacturer Daewoo Motors.
If the deal is finalized, the company will not be required to invest large amount of money, like other car manufacture. The company will get its vehicles ready according to its specifications.
The report stated that the Proton is in discussion with Mahindra and Mahindra and the two-wheeler major Hero Group to market its cars. However, Proton is yet to issue a formal statement in regard to entering India.
Proton, the erstwhile Maruti Udyog Limited, is a subsidiary of the Malaysian Government. The company has expressed keen interest to enter Indian car market and also held talks with Sonalika Group and Hindustan Motors, which failed to realize. The company————————s manufacturing facilities are located only in its home country and assembly lines are located in Indonesia and Iran. Proton had acquired British car brand Lotus Technologies a few years ago. Lotus manufactures car models Saga, Wira and Satria. With is acquisition Proton now has access to some of the best vehicle technologies in the world.
Though Proton’s entry into India might be delayed for some more time, it is well known that the company is considering all channels to foray into Indian car market, with its latest cars and SUVs. Proton will just add to the growing list of Asian car companies in India.