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Maruti Suzuki plans to set up assembly plant in Sri Lanka

13 Dec 2012 Evaluate

Beleaguered by the Sri Lankan government’s import duty hike, Maruti Suzuki is planning to set up a car assembly plant there, marking its first footprint outside India. India’s largest passenger car manufacturer has been of lately troubled over the increase in import duty from 120% to 200%.

Maruti has the maximum market share in the island nation; out of 29,000 new cars sold in Sri Lanka in the last financial year, 15,000 were Maruti cars.

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