Maruti Suzuki India Ltd.

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.