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.
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