There has been a lot heat & patriotism running in the hearts of Indians recently . This is due to the unfortunate loss of 20 brave Indian Jawans in the tension caused by the Chinese troops and Indian Jawans. This lead to THE BOYCOTT CHINA MOVEMENT. Where Indians try to make India a self-sufficient & Independent Nation by not depending on Chinese goods for its betterment.
As to support the independent India vision, I would love to inform you about companies which you never knew fund Chinese revenue.
MG motors:
MG motors made it’s debut in the Indian market calling itself The Iconic British Brand. However this is not True. Morris Garages as known as MG motors was collapsing in the early 2000’s and to save the brand from termination it was bought by an Chinese automaker known as Nanjing Automobile. But later by 2007 Nanjing Automobile was later bought by SIAC (Shanghai Automotive Industry Corporation ). MG made its debut in India last year with the MG Hector which was an immediate Hit in the compact Suv sector. It was also advertised by British actor Benedict Cumberbatch for representing the brands British heritage. Yes this strategy has made MG sell over 16 thousand Hectors in less than a year. Even though the production of the Hector is carried on in the same Indian plant where early Chevrolet productions would happen, All the revenue generated goes to the Chinese firm SIAC.
MG currently launched 3 cars under the administration of the Chinese firms.
1 Hector
2 ZS EV
3 Hector plus
Volvo:
Volvo is known as the safest Swedish Brand for manufacturing some of the safest cars. Volvo is also the world’s 2nd largest Heavy duty vehicle manufacturer. Volvo was completely bought by a Chinese auto giant “Geely” in 2016 . Volvo known for Luxury vehicles, Heavy duty vehicles, also construction machinery is running all its operations under “Geely” . However Gleey doesn’t interfere with Volvo’s project and management. But still the revenue goes to Chinese market.
Fun fact: Geely also owns 51% of lotus automobile
Since Geely owns Volvo it also owns Polestar.
Mercedes-Benz:
Yes i know Mercedes-Benz is German. But the parent company of Mercedes-Benz is Diamer AG . In Diamer AG more than 15% of the company is owned by Geely and BAIC (Beijing automotive industry holding co)( i.e chinese firms). If more than 15% is owned by a firm it gains company rights and involvement in the company revenue and profits. Hence a major part of Mercedes revenue goes to china.
Other companies under Diamer AG:
1 AMG
2 Smart Automobiles
3 Bharat Benz
Citroen:
Citroen is a French company which plans to enter the Indian market by next year. But more than 15% of this company stocks are owned by a Chinese company known as Dongfeng. So like Mercedes this company also shares it’s revenue to China.
Other companies under Dongfeg:
1 Opel
2 Peugeot
Dongfeng:
it also manufactures parts and cooperates with foreign companies, with joint ventures like Dongfeng Yulon, Dongfeng Yueda Kia, Dongfeng Honda, Dongfeng Motor Co., Ltd. (DFL, with Nissan), Dongfeng Peugeot-Citroën and Dongfeng Renault (except Dongfeng Yueda Kia, all were joint ventures of Dongfeng Motor Group).
Fun Fact:
5% of Tesla is owned by Chinese firm.
#MakeinIndia
Carx 