Mahindra Inaugurates Its 1st Automotive Assembly Plant In Sri Lanka
Mahindra & Mahindra Limited, a part of the US$ 20.7 billion Mahindra Group, expanded its global footprint with the inauguration of its local automotive assembly plant at Welipenna, near Colombo, Sri Lanka. Christened Mahindra Ideal Lanka Pvt. Ltd. this assembly plant is in collaboration with Ideal Motors of Sri Lanka.
The assembly plant rolled out its first product, the compact SUV, KUV100 and will roll out a slew of products over the next 3 years.
Mahindra Ideal Lanka will assemble KUV100, a compact SUV, with a production capacity of 5000 units per annum. Spread over 10+ acres, the plant boasts of state of the art technologies and has been set up to further cement its relationship with the customers of Sri Lanka. Mahindra Ideal Lanka will localize 4 components, namely battery, tyres, seats and exhaust. The plant is expected to provide employment in the tune of 200 people directly and indirectly over the next 2 years.