Mazda said the Russian government had accepted its request to build a plant in the country and the automaker is now considering whether it should run the facility by itself or with a partner.
“We applied for permission, and it was accepted,” Mazda chief executive officer Takashi Yamanouchi said at a press conference for the domestic launch of the company’s remodeled Demio (2) compact.
Go deeper with GlobalData
Mazda has reached a basic agreement with the Russian government and will now consider details including the location of the plant, a spokesman said.
As part of its push into rapidly growing emerging markets, where it has lagged behind its rivals, Mazda said earlier this month it would build its first overseas plant in six years in Mexico to supply vehicles to the local and South American markets.
The company, Japan’s fifth-biggest car maker by sales volume, has also said it is considering building a production base in Russia.
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.
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
