I don't think so that this will work. In China, the cos are dependent on Govt & most of them are PSUs or major holding of govt.
In India, car makers are already mature to take competition head on.
It can be Tata buying JLR, Daewoo CV, M & M Ssanyong, etc.
And we have Nano, XUV built here. I am sure 5-8 yrs down the line, Indian car makers will make a mark for themselves, though most of it may come from M & As. Btw
, we already M & M jeeps in police, army, so are tata trucks & indigo & manzas in govt dept.