Tata Motor's Jaguar-Land Rover premium division has signed a joint venture deal with Chery Automobile to sell cars in its home market of China. The agreement, however, is not final, as it has to be approved by China's regulators.
Just last December, China's National Reform and Development Commission (NRDC) and the Ministry of Commerce said that they would stop encouraging foreign investment in the car manufacturing industry to allow for “healthy development” of a market.
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