Honda begins export of new Jazz from India to South Africa

NEW DELHI: Ahead of the upcoming launch of the new version of premium hatchback Jazz in India, Japanese car maker Honda has started shipping the vehicle to South Africa from its plant in Rajasthan.

Present in India through its wholly-owned arm Honda Cars India, the company is producing the new Jazz at Tapukara plant where it is investing Rs 380 crore to expand production capacity to 1.80 lakh units annually from 1.20 lakh units.

"We have already started the export of the new Jazz to South Africa from here. The vehicle is being produced at our Tapukara facility," Honda Cars India Ltd (HCIL) Senior Vice-President (Marketing and Sales) Jnaneswar Sen said.

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M&M bets big on Africa, opens business unit

Indian automobile manufacturer Mahindra & Mahindra (M&M) has opened a business unit in Africa with a view to capitalizing on the emerging market opportunities in the continent.

The company, which has opened its local office in South Africa, will come up with three more similar units in Egypt, Nigeria and Kenya. The new additions will work with local companies and employees.

Playing the role of internal distributor for the carmaker, the unit will cater to the company's requirement in connection with two-wheelers and trucks.

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SOUTH AFRICA: Mercedes East London plant builds car #1,000,000

Daimler's South African Mercedes-Benz plant in East London, Eastern Cape province, has built its one millionth passenger car - a white, right hand drive, C-Class sedan.

The latest generation has been produced since May 2014 in East London - one of four factories world wide making the model line - and this is the fourth generation to be built in South Africa. Bremen, Germany, is the lead plant and the others are Tuscaloosa, Alabama and Beijing Benz.

M-B production and supply chief Markus Schäfer said: "One million cars made at the East London plant illustrate the remarkable development this location has seen over the years."

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World Bank Body Eyes More Deals in Kenya

WORLD Bank's Multilateral Investment Guarantee Agency, is seeking to scale up involvement in the country beyond the energy sector.

MIGA's chief chief operating officer Michel Wormser told journalists after his day-long scouting visit on Friday evening that the agency was eyeing investment opportunities in transport infrastructure and agribusiness.

Miga is the World Bank Group's political risk insurance and credit enhancement guarantee arm.

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