Isuzu Motors Inaugurates New Plant in Andhra Pradesh
Published On Apr 27, 2016
One of the leading vehicle manufacturing companies Isuzu Motors has rolled out a new manufacturing facility at SriCity, Andhra Pradesh. The plant has been inaugurated by the Chief Minister of Andhra Pradesh, N. Chandrababu Naidu. The new plant would be manufacturing newly launched Isuzu D-Max V-Cross at the recently concluded Auto Expo 2016. Isuzu has invested INR 3,000 Crore in this plant which is spread over 107 acres with initial production capacity of 50,000 units.
The SriCity plant will be working on the lines of the globally-laid Isuzu's manufacturing standards and management practices. It is expected that the plant would be able to generate approximately 2000 jobs and will be helping the economy of the region a lot. Once settled up or if required, plant’s manufacturing capacity could be raised up to 1,20,000 units. The company also has plans to export vehicles in near future as well.
According to Isuzu Motors around 70% of the components would be purchased from local market to encourage the localization. The overall localization is entitled to be scaled up in upcoming future. As of now, Isuzu has 120 Tier I and Tier II suppliers for the components.
Commenting on the launch, President Isuzu Motors, Masanori Katayama said, “India is one of the biggest automobile markets and also one of the fastest growing economies in the world. This new plant will only cater to the requirements of the growing Indian market.”