Isuzu Motors India holds Ground Breaking Ceremony in Andhra Pradesh
Hyderabad, January 27, 2014: Isuzu Motors India Private Limited, the Japanese automobile maker, today held ground breaking ceremony for its new manufacturing facility at Hyderabad.
Â· Unveils Foundation Stone
Â· Donates Motor vehicle Training kit and Training program to ITI Tirupati
Â· Manufacturing facility will come up over an acquired area of 107 acres
Â· Plant will be operational by early 2016??
Â· To invest Rs. 3000 Crore to setup manufacturing facility with production capacity of 120,000 units/ year
Â· To create employment opportunities for 2000~3000 jobs
The plantâ€™s foundation stone was unveiled by Shri. Nallari Kiran Kumar Reddy, Honâ€™ble Chief Minister of Andhra Pradesh, Mr. Susumu Hosoi, President and Representative Director from Isuzu Motors Limited, Mr Hideyuki Nabeshima, Member of the Board, Senior Executive Vice President from Mitsubishi Corporation, along with Dr. (Smt.) J Geeta Reddy, Honâ€™ble Minister for Major Industries, Sugar, commerce and Export Promotion, Government of Andhra Pradesh; Mr. Takashi Kikuchi, President & Managing Director, Isuzu Motors India and Mr. Shigeru Wakabayashi, Deputy Managing Director, Isuzu Motors India.
The company had acquired 107 Acres of land in 2013 after signing MoU with the Andhra Pradesh State Government in order to start automobile manufacturing operation in India. The new facility is likely to commence commercial operations by early 2016, with the initial production capacity at 50,000 units/ year.
Isuzu will scale up the production capacity to 120,000 units/ year, with the accumulated investment of Rs. 3000 Crore, and is expected to generate 2000~3000 jobs. It is an exemplary showcase of Isuzuâ€™s long term commitment to the Indian market.
Mr. Susumu Hosoi, President and Representative Director, Isuzu Motors Limited, said â€śWe are extremely happy to begin work for our manufacturing plant in India. Our investment showcases our commitment to India and we look forward to gradually increase our presence in the country. This project is considered as one of the important projects at Isuzu Motors. By introducing the globally popular Isuzu pick-up trucks and SUVs, we are quite confident that our fuel efficient and durable products will match the needs of the customers in India.â€ť
Commenting on the occasion, Mr. Takashi Kikuchi, President & Managing Director, Isuzu Motors India said, â€śIt is an important and exciting day for us since we have broken ground at Sri City. India is a key region in Isuzuâ€™s global growth strategy for its emerging markets and as an important manufacturing hub in the future. Our focus is to accelerate our business and establish Isuzu as an important player in the pickup trucks and utility vehicles market in India.â€ť
He further added, â€śAndhra Pradesh is an investor friendly and progressive state with a receptive government and we are delighted to locate our manufacturing plant here. Moreover, Sri City is in an ideal location offering impeccable opportunity, superior connectivity and great infrastructure which are prerequisites for every industry.â€ť
Looking at the growing demand of skilled workforce in the automobile industry, Isuzuâ€™s Motor vehicle Training kit was presented to Mr. J.C. Sharma, Principal Secretary to Government, A.P. The training kit consists of an engine assembly, chassis, transmission and steering systems to give practical automobile learning to aspiring students. Keeping in mind the increasing demand for diesel cars in the country and the need for skilled manpower for diesel-engine technology, Isuzu will also be conducting advanced automobile diesel engine training at ITI Tirupati for ITI technical staff.
The manufacturing plant will have a production capacity of 120,000 units, once it is fully operational. State of the art Painting Booth & Oven, Water tester, Combination Tester and Spot welding machines would be used to ensure that the India manufacturing facility is at par with Isuzuâ€™s Global Operating Standards. To ensure environmental compliance, Isuzu is expected to develop the best available sustainable and energy efficiency practices including ZLD (Zero Liquid Discharge) facility and ETP (Effluent Treatment Plant) process.
By the end of March 2014, Isuzu will have presence in nine Cities with exclusive dealerships in Chennai, Hyderabad, Coimbatore, Cochin, Bangalore, Tirupati, Vishakapatnam, Madurai and Delhi.
About Isuzu Motors (India)
Isuzu Motors Limited, Headquartered in Tokyo, Japan is a global manufacturer of light commercial vehicles, commercial vehicles, utility vehicles and diesel engines. With operations in 25 countries with its vehicle sold in more than 100 countries worldwide, the company is a leader in pickups and pickup based derivatives in many markets worldwide along with leadership in light commercial vehicles. The company manufactures and sells close to 6 lakh units annually across the world, and is a leader in pickup trucks & derivatives and light commercial vehicles in most of the key markets that it operates in.
Isuzu Motors India Private Limited, a subsidiary of Isuzu Motors Limited, Japan was established in August 2012. The company started its India operations by bringing in limited volume of completely built units (CBUs) for the purpose of test marketing and developing a better understanding of the Indian customers. Isuzu Motors, in the next phase of its project has started the assembly of CKD units in contract manufacturing with Hindustan Motors Limited. This is an intermediate stage of the companyâ€™s project in India, before the start full fledge localized manufacturing at its own plant at Sri City in Andhra Pradesh expected by 2016.