Isuzu Motors reportedly plans to overhaul its Thai operations to improve efficiency, spending 18.5 billion yen ($US170 million) to boost its stake in its Thai assembly unit.

According to Reuters, Isuzu, the leading maker of pick-up trucks in Thailand, said it would raise its stake in Isuzu Motors Co. (Thailand) Ltd. to over 70% from 49.2% and make it part of its consolidated accounts.

It reportedly will combine the unit with a separate Thai production unit and will also make its Thai engine and die-making subsidiaries part of its consolidated accounts.

Last year Isuzu shifted all of its pick-up truck production to Thailand and started exporting from there, Reuters noted.

It reportedly will also make its Thai technical centre a wholly owned subsidiary, seeking to speed up the transfer of its pick-up truck product development from Japan.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This is part of our efforts to improve production and product development,” Isuzu spokesman Koitsu Mabuchi told Reuters.

Isuzu reportedly said Thai pick-up truck sales totalled some 12,400 units last year and it captured 40% of the market.