Japan’s Isuzu Motors is to spend 30 billion yen ($382 million) to build new factories in China and India to tap rising demand for pickup trucks in the fast-growing markets

Japan’s Isuzu Motors will spend 30 billion yen ($382 million) to build new factories in China and India to tap rising demand for pickup trucks in the fast-growing markets, a report said on Tuesday.

The new plants will together produce about 200,000 trucks a year, boosting Isuzu’s annual pickup capacity by about 50 percent to 600,000 by 2015, the Nikkei business daily reported without citing sources.

In China, Isuzu will build a factory in the southeastern city of Nanchang with local automaker Jiangling Motors Group, the Nikkei report said.

The new facility will be able to produce 100,000 vehicles annually, it said.

To read more about this article, please go to http://sg.news.yahoo.com/japans-isuzu-plans-china-india-truck-plants-025756867–finance.html.

 

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