Wednesday, May 25, 2022
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Latest News

M&M Plans to Set Up Facility in Southeast Asia

by indiandrives
in Latest News
0 0
0

Mahindra & Mahindra Limited, the largest utility vehicle manufacturing company of India is planning to set up a production facility in South East Asia. The countries including Thailand, Indonesia and Malaysia are the targets to meet their plans for becoming an international leader in the automotive industry in the next few years. They see the plans to become a reality in the coming years. Mr. Pravin Shah, Chief Executive Officer at International Operations department said that one facility in South East Asia will be capable to meet the rising demands across the region. More than ever, it will be easy to set up a production facility specifically in Asian countries with Asian Free Trade Agreement policy handy.

M&M Plans to Set Up Facility in Southeast AsiaThis particular agreement enables member nations occupied in agreement for setting up a local production plant and allows reduced tariff rates of products to range of 0 to 5 percent. This type of contract helps Mahindra & Mahindra Limited for setting up a new production facility in one of the Asian countries and benefit from low tariff rates reserved for these countries. Indonesia, Thailand and Malaysia are the 3 nations that are members in contract where they can uphold competitiveness in spite of being a foreign nation for setting up the production plant.

This will essentially help Mahindra & Mahindra Limited in placing price of its cars. The company hopes to increase volume of exports from 15 to 20 percent among Asian markets from proposed facility in one of the South East Asian nations. It has production plant in Egypt and Brazil so far. Besides upcoming sport utility vehicles like Rexton and Korando, there are other models likely to be a part of exports from these areas.

Tags: M&M Plans in South AsiaMahindra & Mahindra in Southeast AsiaMahindra new plans in Asia
Previous Post

Nissan Introduces Sunny Diesel in India

Next Post

Volkswagen Race Polo going to participate in Night Races in Sri Lanka

Next Post

Volkswagen Race Polo going to participate in Night Races in Sri Lanka

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • Mahindra Thar 4×4 | SWOT Analysis Review | Is It Really Worth It? |
  • 2022 MG ZS EV | Top 5 Features | Best EV in Segment?
  • 2022 Maruti Suzuki XL6 Launched | What’s New?
  • Auto Shorts | Indian Automobile Industry News | Tata Tiago | Land Rover | Renault | Mahindra |
  • Jeep Meridian vs Jeep Compass | Key Differences | Engine | Dimensions |

Categories

No Result
View All Result

Archives

Categories

Indiandrives.com

© 2021-2022 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • Volkswagen
  • KTM
  • Volvo
  • Isuzu
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2021-2022 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In