Mahindra mulls local assembly
03 Jun 2016
INDIAN motor company Mahindra & Mahindra hoped to start building vehicles in SA within five years, executive director Pawan Goenka hinted on Thursday. Although there was no fixed timetable in place, he said the company believed local assembly would be practical once annual sales hit 6,000.
Mahindra SA’s latest business plan sets a target of 12,000 sales a year by 2020 – triple this year’s expected 4,000. Goenka said he expected the number to reach 6,000 “within two years”, after which the company would look for assembly options.
One possibility would be to use a shared assembly plant, he said, such as that proposed for East London’s industrial development zone (IDZ).