China is known for low cost and cheap electronics and yes they are also known for duplicating popular products. But it is world known that they are master to produce the cheapest. But Chinese auto major First Automobile Works (FAW) Group, which has evinced an interest to set up a manufacturing base in West Bengal, is now scouting for land in Maharashtra and Tamil Nadu and I wonder what is their plans. I think that can't be cheap in India as they are in their homeland.

FAW Group plans to manufacture passenger cars priced at Rs 1.6 lakh and 80-seater buses in India, said JK Saraf, chairman of Ural India, which has entered into a pact with FAW Group for setting up an automobile plant in the country.

Let us see what come next.