2015 Hyundai Sonata

2015 Hyundai Sonata

Modern maturity for fluidic sculpture design...
Safe assets

Safe assets

The asset disclosures for the 2014 Lok Sabha elections...

Maruti weighing car assembly in Sri Lanka as import duties soar

Comments 0
SummaryMaruti Suzuki is planning to set up a car assembly plant in Sri Lanka with a local partner, marking its first step outside the country.

However, in October, Chinese car manufacturer Geely became the first to announce a $20 million assembly plant in Sri Lanka with local partner Micro Cars.

“There is virtually no vehicle manufacturing in Sri Lanka; so they are looking to encourage local investments,” an industry executive said. Mumbai-based utility vehicle major Mahindra & Mahindra is also reportedly talking to its Sri Lankan partner, Ideal Group, to set up a local assembly plant at an investment of Rs 11 crore.

Around 10% of India’s auto sector exports goes to Sri Lanka.

Single Page Format
Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...