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Isuzu Motors India holds ground breaking ceremony for its new plant in Andhra Pradesh

January 27, 2014, 06:49 PM IST by CarWale Team
Isuzu Motors India holds ground breaking ceremony for its new plant in Andhra Pradesh

Isuzu Motors India Pvt. Ltd, Indian arm of the Japanese auto maker today held the ground breaking ceremony for its new manufacturing plant at Hyderabad, Andhra Pradesh. The foundation stone of the facility was laid at an event in the presence of the Chief Minister of Andhra Pradesh, Nallari Kiran Kumar Reddy and President and Representative Director, Isuzu Motors Limited, Mr. Susumu Hosoi among others dignitaries.

 

The Tokyo-based company had acquired 107 acres of land in 2013 after signing an MoU with the State government, with the aim of setting up a manufacturing facility. Operations at the new facility are likely to begin from early 2016 and will generate 2,000 to 3,000 jobs. With an initial capacity of 50,000 units per year, Isuzu plans to boost the figures up to 120,000 units per year with the help of an accumulated investment of Rs 3,000 crore. To be constructed on par with Isuzu’s Global operating standards, the facility is expected to utilise the best available sustainable and energy efficient practices to make it environment friendly.

 

Mr. Hosoi said, “We are extremely happy to begin work for our manufacturing plant in India. Our investment showcases our commitment to India and we look forward to gradually increasing our presence in the country. This project is considered as one of the important projects at Isuzu Motors. By introducing the globally popular Isuzu pick-up trucks and SUVs, we are quite confident that our fuel efficient and durable products will match the needs of the customers in India.”

 

Commenting on the occasion, President and MD, Isuzu Motors India said, “It is an important and exciting day for us we have broken ground at SriCity. India is a key region in Isuzu’s global growth strategy for its emerging markets and as an important manufacturing hub in the future.”

 

Isuzu Motors India was established in August 2012 and started its India operations by bringing in limited volumes of completely built units (CBUs). They started assembly of CKD units under contract manufacturing with Hindustan Motors Limited in 2013. Setting up this plant and starting local manufacture is the next stage in the company’s strategy for India. By March-end, Isuzu also plans to increase its footprint as it goes on to set up exclusive dealerships in nine cities in the country. 

 
Tags:isuzu,Isuzu MU-7,MU-7
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