Isuzu Motors earmarks Rs 3000 cr for Chennai plant
Chennai: Japanese automaker Isuzu Motors today announced commencement of the local production of its vehicles.
The company, on the occasion, also rolled out the first domestically manufactured BS-4 compliant sports utility vehicle, MU-7.
“We are extremely happy to begin the local assembly of our products in India. It is the culmination of our extensive research over the last three years to understand the Indian market,” Isuzu Motors India Managing Director Takashi Kikuchi told reporters here.
The products are to be locally manufactured as part of the firm’s contract manufacturing agreement with Hindustan Motors Ltd. under which HML is 'contract assembling' CKD kits of Isuzu’s sports utility vehicle MU-7 and pick-up truck D-Max at the Thiruvallur plant, near Chennai.
Isuzu has earmarked Rs 3,000-crore investment in the plant which is expected to have a capacity of 1.20 lakh units once fully operational.
The manufacturing plant is expected to be operational by 2015-16, he said.
Isuzu signed a MoU with the Andhra Pradesh Government early this year to set up a LCV manufacturing facility at Sri City, Hyderabad. Isuzu would inaugurate the Chennai retail outlet tomorrow and subsequently plans to have about eight outlets towards the end of this year, Kikuchi said.