Maruti Suzuki is exploring the possibilities to set up an assembly facility in Africa and investing in real estate in India to develop sales and marketing infrastructure. “We have a team in place now for land acquisition. We have allocated Rs 800 crore for building sales and marketing infrastructure. If required, we can step this up further,” Chairman RC Bhargava said, after the auto maker announced its fourth-quarter results. The company is looking at acquiring land and leasing it out for future dealerships amid rising real estate prices in the country.
Read more: Economic Times
