Mexican Media Brands
Mahindra Opens Assembly Plant in Sri Lanka
Sri Lanka is celebrating its first auto assembly plant, a facility launched by neighboring India’s Mahindra & Mahindra Ltd. to make KUV100 mini-crossover vehicles from kits.
Share
Sri Lanka is celebrating its first auto assembly plant, a facility launched by neighboring India’s Mahindra & Mahindra Ltd. to make KUV100 mini-crossover vehicles from kits.
The $11 million factory is operated by Mahindra Ideal Lanka Ltd. The joint venture is owned 65% by Mahindra and 35% by local distributor Ideal Motors.
Sri Lanka’s annual car market consists of about 36,000 vehicles, 80% of them used. The country’s entire supply of vehicles is imported, with tariffs ranging between 100% and 300%.
Mahindra Ideal has capacity to assemble 5,000 crossovers per year. The venture’s factory is using local suppliers for tires, batteries, seats and exhaust systems to provide roughly 30% local content for the KUV100s it makes. The venture plans to add other models in the future.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
