Maruti weighing car assembly in Sri Lanka as import duties soar

Dec 12 2012, 01:37 IST
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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 Indias auto sector exports goes to Sri Lanka.

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