Maruti Suzuki India Ltd.

India’s largest car maker, Maruti Suzuki India is reportedly planning to set up a plant in South Africa to supply vehicles to nearby markets in the region. The company may use its cash reserves of over Rs 7000 crore for global expansion plans. The move comes after Africa became the largest export destination for Maruti’s cars last year, replacing Europe which continues to grapple with an economic slowdown.

Maruti Suzuki India registered a surge of over 10% in its car sales for the month of March at 1.2 lakh units as against 1.09 lakh units in February 2013.