Isuzu Motors India, a subsidiary of Isuzu Motors, Japan,
on Friday, signed an agreement with Hindustan Motors (HML) for contract
manufacturing of Isuzu SUVs and pick-up trucks in India.
The
components for producing these vehicles will be imported by Isuzu
Motors from Thailand, and assembled in HML’s factory at Thiruvallur,
near here.
In a statement, Takashi Kikuchi,
President, Isuzu Motors India, said, that the company was very confident
about the growth prospects of the SUV and LCV market in India,
notwithstanding the current slowdown.
“The
collaboration with Hindustan Motors will support us by carrying out
assembly of our products at Thiruvallur which is about 70 km from Sri
City, Andhra Pradesh, where our own local manufacturing facility is
planned to come up..’’
Uttam Bose, Managing Director
& CEO, Hindustan Motors, flagship of the C. K. Birla Group, felt
the agreement would helpHML to optimally utilise its spare capacity at
Thiruvallur.
``Today’s agreement with Isuzu is a strategic move to keep Hindustan Motors on the growth path,” he added.
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