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Business

SAIC to become first Chinese carmaker to open India factory

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SAIC would build and sell its MG brand of vehicles in India.   © Reuters

NEW DELHI (NewsRise) -- SAIC Motor Corp. will open a car manufacturing plant in India in the next two years, becoming the first Chinese automaker to enter the country where more than a dozen companies battle it out with top selling Maruti Suzuki for a slice of the market.

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