| Subject: |
Isuzu Motor Rs 3,000-crore Sri City plant to go online in April making pick up trucks |
CHENNAI: Japanese automaker Isuzu Motors new plant, coming up at an investment of Rs 3,000 crore at Sri City Special Economic Zone, is under final phase of construction and will likely go on stream in April.
A delegation from Isuzu Motors visited the SEZ situated at Tada, about 110 km from here, a press release said today.
"The team went around the campus and visited the Isuzu plant, which is under the final phase of construction. Commercial production of the pickup trucks is expected to begin in April 2016. Isuzu is investing Rs 3,000 crore facility," the release said.
Aimed at increasing the local component, Isuzu Motors plans to source components from 200 vendors in India when it begins production.
With the procurement of components, the company plans to achieve 70 per cent localisation. The company has set a target of reaching 100 per cent localisation within three years.
The plant would have an initial capacity of producing 50,000 units, which can be ramped upto 1.20 lakh units.
"With the presence of major OEMs like Kobelco Group, Isuzu, Hero Corp and several automotive ancillary industries like NS instruments, Nittan Valve, Piolax, there exists a strong ecosystem for automobile sector in Sri City," Sri City SEZ Managing Director Ravindra Sannareddy said.
Source : economictimes.indiatimes.com
|