• At the biennial India Auto Show in February 2020, Great Wall Motor (GWM) had announced with much fanfare its plan to enter India, pledging $1-billion in investment.
  • As GWM started hiring staff to execute its entry plan, India introduced new Foreign Direct Investment (FDI) rules in April 2020, increasing scrutiny of investments from countries which share a land border with it.
  • After waiting for nearly a year more and failing tosecure approval to invest and buy the GM plant in Maharashtra, GWM decided to exit India.