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
-
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. . .
-
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.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
