(Ecofin Agency) - Indian automaker Mahindra & Mahindra plans to open assembly plants in Kenya and Sudan, the Business Standard reported on June 2, 2019, citing Arvind Mathew, one of the firm’s executive.
According to the executive, “With trade barriers becoming the order of the day, having a local production unit is the only way to get around it.”
M. Mathew added that his firm was planning to increase the rate of local contents in the Durban unit to 40% within 18 months and export products to other African markets without customs tariffs.