Isuzu said it would increase its stake in its 50-50 South African joint venture to 70% by buying shares from partner GM South Africa (GMSA).

“With a view to stepping up our production and sales of commercial vehicles in South Africa, a market with significant growth prospects, and in line with the mid-term business plan, [we have] decided to increase [our] stake in Isuzu Truck South Africa (ITSA),” the truckmaker said in a statement.

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ITSA was established in 2006 and Isuzu worked with GMSA to establish sales of its commercial vehicles in South Africa and neighbouring countries, focusing on customer conquest and improved after sales service which, the truckmaker said, “resulted in successful constant growth of sales volume”.

Raising its stake in ITSA would strengthen Isuzu’s involvement in manufacturing and financial affairs at the JV which has targeted annual sales volume of 10,000 units “in the future”.

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