Isuzu Motors India to set up its 11th truck manufacturing plant in Sri City, Andhra Pradesh
In efforts to make India the export hub for supply of passenger utility vehicles along with the pickup trucks to the targeted markets like Southeast, West Asia and Africa, Isuzu Motors is all set to establish its manufacturing unit at Sri City in Andra Pradesh. Currently, the company holds around 10 truck manufacturing units across the globe.
For opening the new truck manufacturing plant, the company went ahead and discussed the matter with the Chief Minister of AP, thereby signing of MOU between Isuzu officials and the AP government (under the Automobile and Auto component Policy 2015-1020) proves that the opening of the new plant is nearer. Different key dignitaries and officials were present during the signing ceremony between the managing director of Isuzu Motors, Takashi Kikuchi and N Chandrababu Naidu, the Honorable Chief Minister of Andhra Pradesh.
At the launch of the Industrial Mission Program, seven auto component companies signed the mutually agreed MOU. To promote the manufacturing of the vehicles in the state of Andra Pradesh is a good step because it will not only help the various auto component companies to avail other benefits but also help in fulfilling the future requirements of the OEMs thereby increasing the production units.
As it will be a win-win situation for both the investors and the AP state, Isuzu Motors is all set to shake hands with many component manufacturers in order to achieve its goal of making everything localized at its AP plant. This step will boost the sales of their vehicles and will also help the prospective buyers to avail Isuzu products at a lower price.
With the initial capacity pegged at 50,000 units per year, the company is confident to bring it up to at least 1.2 lakh units per year from their Sri City plant. Due to this, the upcoming plant is sure to open jobs for 2,000-3,000 employees. As the plant is located near to the Chennai City (less than 2 hours drive) and Tirupati airport, the Rs 3,000 crore investments will prove to be beneficial in bringing in more business for Isuzu Motors in the coming times.