Isuzu breaks ground at SriCity today, earmarks Rs 3,000 crore for a new car manufacturing plant

Japanese automotive manufacturer Isuzu Motors, which is establishing its first car manufacturing facility in South India at SriCity, Chittoor district of Andhra Pradesh (near Chennai), has broken ground at a ceremony today. The Japanese auto maker is making an investment of Rs 3,000 crore.
Image
According to a press note issued by SriCity, Isuzu kick started the works in a groundbreaking ceremony held here today. The new car manufacturing plant is coming up on a 107-acre site.
Image
Takashi Kikuchi, President & Managing Director, Isuzu Motors India administered the groundbreaking ceremony and laid the foundation stone, marking the start of construction work, in the presence of Pradeep Chandra, Principal Secretary & Commissioner for Industrial Development, Commerce & Industries Department, Government of Andhra Pradesh, Ravindra Sannareddy, Managing Director, SriCity and other dignitaries.
CSR
Image
In order to enhance technical skills of students, Kikuchi donated a motor vehicle training kit consisting of all elements of a MU7 vehicle to the officials of government ITI, Tirupati through the hands of Chandra.
Production capacity
Image
According to Isuzu, the plant, which produces light commercial vehicles and sports utility vehicles, would go on stream in 2016 with a capacity to churn out 50,000 vehicles. What is more, by 2020 the production capacity would be ramped up to 120,000 unit. It would also generate direct employment for 3,000 people.
Lease agreement
Image
It may be recalled that on March 2013, Isuzu Motors India Private, the Indian subsidiary of the Tokyo based Isuzu Motors Limited signed a lease agreement with Government of Andhra Pradesh and Sri City for setting up a greenfield manufacturing unit at Sri City.
Image
Addressing the gathering, Kikuchi said: “It is an important and exciting day for us since we have broken ground at SriCity. India is a key region in Isuzu’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. SriCity is in an ideal location offering impeccable opportunity, superior connectivity and great infrastructure which are prerequisites for every industry”.
Image
Addressing the gathering, Chandra said: “I am very happy as the automobile major, Isuzu, that produces world quality diesel vehicles, opted SriCity for establishing its plant. With the consistent followup by the Government of Andhara Pradesh, Isuzu chose SriCity to set up their plant. I am very happy of that. Through single window clearance the process of approval is accelerated and hence several industries are being set up in Andhra Pradesh. By donating a motor vehicle training kit to the ITI, Tirupati, the Japanese car maker is enhancing the skills of the students and this in turn improves the job opportunities to the locals”.
Speaking on the occasion, Sannareddy said: “We are immensely happy that Isuzu Motors has chosen SriCity to establish their manufacturing plant. With Isuzu Motors entering Sri City, we are confident many auto ancillary companies will prefer us due to availability of skilled manpower and land availability. The location and infrastructure are well suited to meet the demanding requirements of the automobile industry. Together with our client base of over 100 companies from 25 countries, the huge investment and employment generation by Isuzu would add impetus to the economic development of the
region”.
Isuzu Motors is a Japanese commercial vehicles and diesel engine manufacturing company, headquartered in Tokyo, Japan. The auto firm’s principal activity is the production, distribution and sale of Isuzu commercial vehicles and diesel engines. Established way back in 1916, as the Tokyo Gas Company, a Japanese oil and gasoline manufacturer, which in 1934 fused with the car manufacturer and was renamed Isuzu, after Isuzu River. Isuzu has R&D, manufacturing and sales bases around the
globe and its products are sold in over 100 countries and regions. Isuzu continues to aggressively implement globalisation in order to support a rich and comfortable lifestyle for people around the world.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s