Isuzu to source parts from 200 Indian firms
A 180-member delegation of vendors of Isuzu Motors has visited Sri City in Chittoor district on Monday, where the Japanese automaker is setting up an Rs 3,000-crore manufacturing facility.
A vendor delegation has visited its upcoming automobile plant at Sri City on Tuesday
Hyderabad: A 180-member delegation of vendors of Isuzu Motors has visited Sri City in Chittoor district on Monday, where the Japanese automaker is setting up an Rs 3,000-crore manufacturing facility.
The delegation comprised senior executives of various domestic and international companies which will supply auto components to Isuzu Motors. The purpose of their visit was to see Isuzu’s production plant which is in advanced stages of construction, and also to check infrastructure at Sri City, an integrated business city located around 50 km away from Chennai.
Welcoming the delegation, Ravindra Sannareddy, Managing Director, Sri City said: “With the presence of auto major original equipment manufacturers (OEMs) like Isuzu, Kobelco Group, Hero Corp and several automotive ancillary industries, Sri City is home to a strong ecosystem for automobile sector".
He further said that Andhra Pradesh Government had decided to develop automobile hub in the region. Later, the delegation went round the campus and visited the Isuzu plant and also attended attended the vendors' meet convened by the automaker.
Commercial production of the pick-up trucks is likely to begin at the plant in April 2016. Isuzu plans to source components from around 200 vendors in India when it commences manufacturing operations.
With the procurement of components from local suppliers, the company can achieve 70 percent localisation on its vehicles initially. Isuzu is looking to achieve 100 per cent localisation within three years. The plant will have an installed capacity of 50,000 units per annum initially and will touch 120,000 units at full capacity.