A year after the Bird group, which supplies aviation services to hospitality, tied up with Chinese automaker Haima Automobiles to assemble an electric hatchback car, the promoters (the Bhatia family) are now re-assessing the joint venture given the change in geopolitical realities between the two countries.
According to experts, the car was expected to have a price tag of Rs 10 lakh and launched this June. Haima was set up initially as a joint venture between Mazda and the Hainan provincial government to sell the rebadged cars of its Japanese partner. Later, it was sold to state-owned First Automobiles Works.
Sources in