Malaysia's Proton plans joint venture car assembling unit in India

Malaysia's state-owned carmaker Proton Holdings Bhd said it was in discussions with a global equipment manufacturer to set up contract assembly manufacturing operations in India.

Proton is planning to enter a joint venture with an OEM for contract assembly manufacturing of Proton models in India, group managing director Syed Zainal Abidin Syed Mohammed Tahir said.

"We know, India is an important market but, to be successful, we need to work with a local OEM (in India). We have identified a company and have had many discussions," The Star newspaper quoted him as saying.

Speaking on the sidelines of the launch of the Intercontinental Rally Challenge and Asia-Pacific Rally Championship in Kuala Lumpur yesterday, he said the board of directors of the company was expected to approve the plan in the current quarter itself.

He said, Proton would take the help of its partners and subsidiaries as well as its partner in marketing and distribution of the car globally.

Proton is planning to launch its multi-purpose Exora and Persona and the global car Emas models to enter the Indian market.