Indian auto maker Sonalika Group is looking to set up two assembly lines for producing tractors in East and South African regions, the Economic Times newspaper reported. The group, which handles farm equipment business through International Tractors Ltd (ITL), is also exploring options to join hands or to acquire a local firm to set up its base in Europe, the newspaper said. The group is looking to set up regional assembly hubs in East Africa and South Africa and is currently finalising the countries and locations with the final decision due to be taken in the next three months, ITL President, Rajiv Wahi, was quoted as saying. According to the executive, the company has identified many countries in the two regions such as Tanzania, Kenya, Mozambique, South Africa, Zimbabwe and Namibia for the two proposed assembly facilities. |
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