Japanese commercial vehicle maker Isuzu will introduce low-cost light commercial vehicles in India by the end of this year and plans to set up a production facility in the future.
According to Isuzu Motors' mid-term business plan till March 2014, the company will launch low-cost light commercial vehicles in India by the end of 2012 as fully imported units.
“This is part of Isuzu's mid-term business plan to develop a new LCV business in India's rapidly growing market,” the company said.
Anticipated improvement of roadway infrastructure and increase in per capita income have led Isuzu Motors to view India as an opportunity to continue its business expansion, besides deciding to begin the LCV business here, it added. Sale of the LCVs, which will be shipped from Thailand in the form of finished vehicles and knocked down kits, will begin before the end of 2012. To commence the operations, the 1,400 billion
Two decades ago, India opened its doors for multinational automobile companies, allowing them to penetrate the market, modernize the Indian transportation picture and make it beneficial to the end-users.
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