Japan’s Isuzu to produce mid-size buses in India, says report

Japan’s Isuzu to produce mid-size buses in India, says report
AFP
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First Published: Sun, Sep 09 2007. 10 51 AM IST
Updated: Sun, Sep 09 2007. 10 51 AM IST
Tokyo, 9 September Truckmaker Isuzu will become the first Japanese automaker to produce mid-size buses in India later this month, a report made public today.
Japan’s largest truckmaker will team up with Sumitomo Corp. and Swaraj Mazda Ltd. to bring a new auto plant online next to their existing factory in northern Delhi, the Nikkei newspaper said, citing unnamed sources.
The buses will be priced around 1.5 million yen (13,200 dollars), some 20% higher than buses made by local manufacturers but 10-20 percent lower than those offered by European rivals, the newspaper said.
Isuzu plans to expand production to include trucks by 2010, it said.
When the new plant starts to operate at full capacity, the company’s two lines will be capable of producing 40,000 to 50,000 vehicles annually, the Nikkei said.
It aims to raise combined annual sales of trucks and buses to 30,000 vehicles or so before 2015, it said.
In a new mid-term management plan released last month, Isuzu said it will focus on overseas markets, particularly in Asia.
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First Published: Sun, Sep 09 2007. 10 51 AM IST