Maruti Suzuki India Ltd., the nation’s biggest carmaker by volume, is considering setting up its first overseas assembly plant in Africa as it seeks to revive flagging exports.
The company, based in New Delhi, is scouting for new export markets and Africa is more or less untouched, Chairman R.C. Bhargava said in an interview. Countries that are on the cusp of motorization may be key to Maruti’s plan of doubling exports in the next four years as Europe struggles to recover from a slowdown, according to Mayank Pareek, head of sales.
Continue here
