-294.40 (-1.87%) Maruti Suzuki India, country's largest car manufacturer, is reportedly planning to set up a manufacturing facility in South Africa. Further, the company is also planning to expand its plants in Gujarat and Manesar in next two years. The decision to set up the manufacturing facility in Africa may come only after these expansion completed.
At present, the company does not have a manufacturing or an assembly plant in Africa, but cars made by the company are sold there. South Africa was one of the biggest export markets for the company, so setting up a manufacturing facility there makes sense.
The company had registered a marginal rise of 1.3% in its total car sales (Domestic + Export) for the month of July at 83,299 units, as against 82,234 units in July 2012. The company’s domestic sales also rose by 5.8% in July 2013 at 75,145 units, as against 71,024 units in corresponding month last year.