/ Industry, News, Others, Suzuki / Maruti considering Africa assembly plant

Maruti considering Africa assembly plant

Linked In Share
Maruti considering Africa assembly plant

Maruti Suzuki, India’s largest carmaker by volume, is considering building its first overseas assembly plant in Africa in a bid to revive its exports.

The New Delhi-based carmaker is exploring new export markets and Africa is more or less untouched, said Maruti Suzuki chairman R.C. Bhargava. Maruti is targeting emerging countries to fulfill its plan to double exports in the next four years. “We will look at local assembly for two reasons. Firstly, there’s usually a tax advantage. And second, there’s pressure from governments in these countries to assemble models locally,” Bhargava was quoted as saying by Bloomberg.

A local plant would help Maruti drive down costs for buyers and boost sales in these emerging markets for basic models such as the Alto and M800. However, Maruti Suzuki may face obstacles setting up a plant overseas as a few countries may require local purchase of some components.

Maruti’s exports shrank to 10 percent from two years earlier as sales of its A-Star compact hatchbacks fell in Europe. Europe, which accounted for 70 percent of Maruti’s exports three years ago, now contributes to 30 percent as the debt crisis in the region affected demand.

Algeria is the biggest export market for Maruti, followed by Indonesia, Chile and Australia. Maruti is also present in South Africa, Morocco and Egypt.

by Dan Mihalascu (my Google+) - Thursday, December 27th, 2012 - filed under Industry, News, Others, Suzuki. Image credit: .
Linked In Share
Related Articles
africa african markets automobile exports bhargava future plans india auto industry indian carmakers maruti maruti a-star maruti alto maruti exports Maruti Suzuki new plant


Discuss: Maruti considering Africa assembly plant

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 Mitsubishi Lancer announced
2015 Mitsubishi Lancer announcedThe 2015 Mitsubishi Lancer will be getting a series of updates as the car manufacturer has recently announced. Mitsubishi will ...
US – automakers seek financing prowess
US – automakers seek financing prowessUsually, when it comes to car loans and financing programs, customers go to a bank for the money. Well, it looks like the booming ...
[VIDEO] Audi R8 LMX gets new promo
[VIDEO] Audi R8 LMX gets new promoAudi has released a new promotional video with the recently unveiled R8 LMX, the company’s first production model to get the ...
2015 Ford Explorer gets updated
2015 Ford Explorer gets updatedThe 2015 Ford Explorer has been modestly updated as the model in question will go on sale later on this month, on its local auto ...
Next-gen Mitsubishi L200 rendered
Next-gen Mitsubishi L200 renderedThe next generation of the Mitsubishi L200 has been recently rendered in the image posted above. I know some of you are ...
Daimler and Renault-Nissan deepen their alliance
Daimler and Renault-Nissan deepen their allianceDaimler, the parent company of luxury automaker Mercedes-Benz and the French – Japanese alliance of Renault and Nissan have a ...
BMW M4 Coupe laps the Ring in 7:52
BMW M4 Coupe laps the Ring in 7:52The brand new BMW M4 Coupe has managed to lap the Nurburgring faster than its predecessor as the company has recently ...
Vodafone to enter into the automotive industry
Vodafone to enter into the automotive industryThe well-known mobile communication company Vodafone is aiming to tap into the lucrative electronics services for the car ...
U.S.-spec Alfa Romeo 4C gets detailed
U.S.-spec Alfa Romeo 4C gets detailedAlfa Romeo has released more details on the U.S.-spec version of the 4C which will arrive in the country this fall. The new Alfa ...
One-off Ferrari F12 Berlinetta TRS ends up on the web
One-off Ferrari F12 Berlinetta TRS ends up on the webA one-off version with the Ferrari F12 Berlinetta, called the TRS, has ended up on the web in two images. If you thought that ...
Range Rover Sport Stealth Pack going to Goodwood
Range Rover Sport Stealth Pack going to GoodwoodLand Rover will be introducing the Range Rover Sport Stealth Pack during this month’s edition of the Good Festival of ...
Report – Honda to join Takata airbag recall
Report – Honda to join Takata airbag recallJapanese auto supplier Takata Corp has been making the headlines this past week with its airbag issues, which prompted Toyota, ...
Tesla Model S LWB considered
Tesla Model S LWB consideredTesla Motors is planning on introducing a new version of the popular Model S which will come with a long wheelbase. Tesla is ...
Fiat board seeks $5.4 billion in bonds
Fiat board seeks $5.4 billion in bondsFiat SpA – the carmaker that took over entirely over Chrysler Group – has decided to aid the implementation of the merger by ...
Nissan Vision Gran Turismo leaked
Nissan Vision Gran Turismo leakedThe first leaked image with the upcoming Nissan Vision Gran Turismo has recently made its way onto the web, showing how the model ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 ford explorer 1
one-off ferrari f12 berlinetta trs 1
Range Rover Sport Stealth Pack 1
Test_Drive_Dacia_Duster175711151_HDR
lamborghini countach 1
Spy-Shots of Cars
Spy-Shots of Cars
Volkswagen Beetle Cabrio gets tuned by ABT 1
JMS and Piecha unveil the Avalange GT-R body kit for Mercedes SL 1
Lotus LMP P1 01 race car 1
Mercedes-Benz A-Class gets updated by Wald International 1
Halloween-inspired Lamborghini Aventador for sale 1

More automotive from inautonews
The 2015 Mitsubishi Lancer will be getting a series of updates as the car manufacturer has recently announced. Mitsubishi will be updating the 2015 Lancer as the entry-level ES will now get a new CVT, which will help it return 34 mpg (US) on the highway. The same vehicle can also be equipped with ...
read more
Inautonews Editors Section
Car investment – which are the next classics?
Car investment – which are the next classics?Some prefer the stock exchange, others buy gold and some invest in properties, but there is a small group of people who prefer to try their luck with ...
Where brand new cars go to die
Where brand new cars go to dieHundreds of millions of brand new cars are left to rust in huge parking lots all over the globe after no one wants to buy them. The 2014 world ...
Trendy cars for this summer
Trendy cars for this summerSummer is just around the corner and the inautonews.com team is presenting you with some of the hottest convertibles money can buy these ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Report – Honda to join Takata airbag recallJapanese auto supplier Takata Corp has been making the headlines this past week with its airbag ... Camaro recall seems to have come late as wellIn the latest batch of recalled cars from the new recall “guru” – General Motors, there are ...
Safety Section