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Great Wall officially ended its acquisition of GM's plant, the Talegaon, after two delays. On July 1, Great Wall said that the deadline for the deal it signed with GM to buy GM's plant in Taligang, India, expired, although it maintained communication and consultation with the Indian government on the project. however, it has not been approved by the local government and relevant regulators. Great Wall and General Motors decided to terminate the deal after negotiations. In response, the Ministry of Foreign Affairs expressed the hope that the countries concerned will earnestly fulfill their promises of openness and cooperation and provide a fair, just and non-discriminatory business environment for foreign investors.

As once the world's largest carmaker, GM announced as early as 2017 that it would withdraw from the Indian market and stop selling cars in the Indian market, so the factory was idle, and in order for the factory to sell at a good price, GM also had to invest a lot of money to maintain plant equipment and machinery. GM sold one of its car plants, Harrol, Gujarat, to SAIC at the end of 2017, and GM plans to sell another plant, the Talegang Plant, to Great Wall in January 2020.

According to relevant information from the auto industry, in January 2020, GM reached an agreement with Great Wall Motors, which plans to buy GM's Talegang plant in India for $1 billion to produce Harvard and other brands. According to the agreement, the acquisition plan of the two sides will be completed in the second half of 2020. However, due to factors such as Sino-Indian relations, the agreement has not progressed smoothly, and the agreement has been extended twice, once to June 2021 and then to the end of 2021, eventually extending the acquisition period to June this year.

The failure of the deal means that the acquisition plans of the two sides have officially come to an end, and Great Wall's plans to enter the Indian market have temporarily fallen through. The Indian market has some importance for Great Wall Motors, which had previously said it had invested as much as $1 billion in India, and because Great Wall was reportedly unable to take over the plant, it is likely to look to new markets such as Brazil, Thailand and Latin America, while GM continues to spend money on maintaining plant machinery and looking for new buyers.

According to the latest data from the Association of Indian Automobile Manufacturers (SIAM), the cumulative sales of passenger cars in India's domestic market were 2.711 million in the 2020-2021 fiscal year, with an average annual sales of about 2.94 million in the past seven years. People in the industry believe that, "although the absolute volume of the Indian automobile market is small, it is an important base for radiating South Asia, with an average annual export of about 650000 vehicles in recent years." India's potential economic growth and export prospects were the main reasons for Great Wall's decision to buy Indian factories. In the past 2021, Great Wall Motor sold 142793 vehicles overseas, an increase of 103.7% over the same period last year, accounting for 11.1% of sales.

In fact, Great Wall has been expanding globally in recent years. In November 2020, Great Wall officially took ownership of GM's plant in Thailand; on August 18, Great Wall acquired a Mercedes-Benz plant in Brazil. the acquisition has also accelerated the development and strategic landing of Great Wall in the South American market, further promoting the transformation of Great Wall into a global technology travel company. So far, Great Wall has set up production bases in Tula, Thailand, Luoyong, Brazil and other places. According to Great Wall's plan, by 2025, Great Wall will sell 4 million vehicles worldwide, 80 percent of which are new energy vehicles. Overseas sales will achieve sales of 1 million vehicles. Great Wall had originally planned to sell cars in India from 2021 and was also considering introducing new energy vehicles, but this plan did not materialize as the acquisition plan could not be advanced, and now the Indian factory acquisition project has fallen through. This means that Great Wall's expansion of the Indian market in the overseas market territory has been temporarily suspended.

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