Big news, the Indian drama has been staged, and Chinese companies have experienced a tough battle. Among them, SAIC's operation is simply turning over a serf and singing, not only did not suffer a loss, but made a lot of money. I have to say this, it's so sharp!
The living environment for Chinese companies in India has always been quite complicated. The Indian government has played the banner of "local manufacturing", forcing foreign companies to have Indian executives, and Indian companies have to participate in the supply chain.
This is a big head for Chinese companies. Just like Xiaomi, its finances have been frozen by nearly 4.8 billion, and BYD's $1 billion investment is also yellow, all because it is unwilling to follow India's rules.
SAIC's move can be described as extremely clever. SAIC itself is also the largest shareholder. The buyers, including employees and dealers, have no voting rights on their shares, which means that SAIC's influence is still leveraged.
This one not only made SAIC itself earn enough eyeballs, but also taught other Chinese companies a lesson. No matter how strict the policies of Chinese companies in India are, as long as the technology is reliable, we will have confidence.
Let's talk about the Indian market, the consumption capacity is limited, and the domestic mobile phone is cost-effective, which is the selling point. It will not be easy for India to break free from China's supply chains, especially in the automotive sector.
In the area of electric vehicles, China has surpassed Japan to become the largest exporter, while India, their own technology is almost zero, and autonomy is basically useless in the short term.
SAIC's decision can be said to have found a perfect balance under the rules of the Indian government. They have both complied with the laws of India and maintained their interests.
This kind of ability to bend and stretch is really not something that ordinary enterprises can do. SAIC's success this time has undoubtedly given a shot in the arm to Chinese companies struggling in India.
In this process, SAIC has worked hard. They do a good job of public relations in India and maintain a harmonious relationship with the local government.
All of this is the result of silent efforts behind the scenes, and it cannot be achieved overnight. And all these efforts eventually translated into that considerable profit.
In this operation, SAIC not only has to face competition in the domestic market, but also has to find its own foothold in the international market. This requires not only the quality of the product, but also wisdom and strategy.