Isuzu to Make Buses in India
September 11, 2007
Tokyo, Sept. 11 (Jiji Press)–Japan’s Isuzu Motors Ltd. said Tuesday it will start producing and selling buses in India later this month to capitalize on a high growth potential in the emerging economy.
Punjab-based Swaraj Mazda Ltd., 41 pct controlled by Japanese trading giant Sumitomo Corp. , will produce 40- to 45-passenger buses on behalf of Isuzu. It will add 20- to 25-passenger buses later this year or early next year.
Isuzu expects to sell 900 buses next year and 6,000 buses in 2012. India’s bus market totals some 50,000 units a year.END
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