JOHANNESBURG, South Africa – Indian auto maker Mahindra & Mahindra Ltd. announces an aggressive expansion of its local subsidiary here over the next three years, with an estimated investment of $23 million. Key to the auto maker’s strategy will be the growth of its existing dealer network, with plans to establish between 10-12 new dealerships across South Africa within the next 18 months. Vijay Nakra, Mahindra South Africa CEO, says Mahindra has plans to launch a new range of ...

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