M&M to explore feasibility of setting up CKD plant in South Africa

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M&M to explore feasibility of setting up CKD plant in South Africa - Business Standard

Quick Summary:

The company has inked a MoU with South Africa's Industrial Development Corporation (IDC) for a feasibility study on the potential of setting up a completely knocked down (CKD) vehicle assembly plant, the Mumbai-based auto major said in a statement.

The Memorandum of Understanding (MoU) marks a significant step in evaluating the potential for expanded local manufacturing, with a detailed study set to examine key factors such as South Africa's automotive industry incentives, export market potential, workforce development, and supply chain infrastructure, it added.

Mahindra & Mahindra on Friday said it will undertake a feasibility study to explore potential of setting up a completely knocked down vehicle assembly facility in South Africa.