AUTO MODE: Indian companies bolster South African vehicle manufacturing sector
By Fawzia Moodley:
(Image: Maheindra website)
India’s automotive sector is set to bolster its investment in South Africa with companies like Mahindra & Mahindra, undertaking to upgrade their existing assembly operations to full manufacturing plants and establishing new plants.
This was confirmed by South African Trade Industry and Competition Minister Parks Tau, who has been engaging Indian and Chinese auto manufacturers, as part of his government’s efforts to attract major vehicle manufacturers to invest or increase their investment in the local automotive industry.
Filling the gap
His intervention comes amid threats to South Africa's auto manufacturing sector, through declining export demand due to tariffs, competition from cheaper imports, and local...