• SENSEX
    NIFTY 50
Auto

China to allow full foreign ownership in auto industry

Updated : April 17, 2018 02:06 PM IST

The Cabinet's planning commission said, it will lift limits on foreign ownership of electric vehicle producers this year, followed by similar action for makers of commercial vehicles in 2020 and passenger vehicles in 2022.
The announcement by the National Development and Reform Commission said, "following a five-year transition period, all ownership restrictions will be lifted.
That would end rules requiring foreign automakers in China to work through local state-owned partners, an arrangement that forced them to share technology with potential competitors.
China to allow full foreign ownership in auto industry
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV