Mahindra South Africa could start local assembly if growth continues

By bne IntelliNews July 13, 2010
If thenew vehicle sales continue to grow as they have been in the H1, Mahindra SouthAfrica would start local assembly, Mahindra & Mahindra automotive and farmequipment sectors president Dr Pawan Goenka, said on Monday. On a visit fromIndia, Goenka, who is also MSA chairperson, said the technical feasibilitystudy for the project had already been completed. As part of the process, sixvehicles had been assembled locally.  Hewould not, however, divulge who the assembler would be, or the location. Goenkanoted that MSA was aiming for 5% market share in the pick-up and low tomid-range SUV markets, up from the roughly 1.5% of the market it had cornered currently.        

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss