SAIC Motor Corp, China's biggest automaker, is in talks with its partner General Motors to explore new business opportunities that include India, a source with knowledge of the matter said on Friday.

India's Economic Times reported that the Shanghai-based automaker was close to taking a stake in General Motors India but did not provide further details.

The source told Reuters that discussions between SAIC and GM were aimed at expanding their ties, including opportunities in India, one of the world's fastest-growing auto markets.