INDIA: Isuzu firms up factory plans - report
By Graeme Roberts | 28 January 2013
Isuzu Motors is reported to have firmed up plans for India with a manufacturing plant in Sri City, Andhra Pradesh.
Isuzu will spend US$185m on the greenfield plant that can make nearly 50,000 vehicles a year, The Times of India reported.
An announcement is expected on 15 March in Hyderabad, the paper said. The plant will be ready for production by 2015.
"The initial plan is to roll out MU7 Choiz (a sports utility vehicle with a three-litre engine) and V Cross, [a pickup truck with a] 2.5-litre engine," sources told the paper.
Homologation was completed a few weeks ago in Pune.
Isuzu, known for trucks, buses and diesel engines will concentrate on pick-ups and SUVs in India, the paper said. Isuzu's Panther SUV is rebadged by General Motors India as the Chevrolet Tavera in India and its diesel engines are installed in Hindustan Motors’ Ambassador and Contessa car models.
Sri City, though located in Andhra Pradesh, is just on the outskirts of Chennai, close to parts suppliers serving that city's auto manufacturing hub, and also close to a large port.
"Andhra Pradesh is desperate to get an automotive factory. Remember the failed Vashishta Wahan, which was supposed to be an Indian arm of Volkswagen, but turned out to be a fictitious entity. They are going all out for a car plant, but nothing happened. Even with Isuzu, the original announcement was due in December-end, but has since been postponed to March," sources told The Times of India.
Sectors: Emerging markets, Vehicle manufacturers, Vehicle manufacturing
Companies: Isuzu, General Motors, Chevrolet, Hindustan, Volkswagen
View next/previous articles
28 Jan 2013 -
Currently reading -
INDIA: Isuzu firms up factory plans - report
28 Jan 2013 -
28 Jan 2013 -
Related company research
Isuzu Motors Limited - SWOT, Strategy and Corporate Finance Report
Isuzu Motors Limited - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, an...
Business Monitor International's Russia Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russi...
Trucks in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading playe...
There are currently no comments on this article
Be the first to comment on this article