Mitsubishi to export new model from Indonesia next year, supply Nissan

Image
Reuters JAKARTA
Last Updated : Aug 10 2017 | 5:42 PM IST

JAKARTA (Reuters) - Mitsubishi Motors Corp will start exporting its new multipurpose vehicle from its Indonesian plant next year, and plans to eventually supply the model to the group's new parent Nissan Motor , Mitsubishi's chief executive said.

Mitsubishi on Thursday launched the "Xpander", a new 1.5 litre MPV model, at an car show in Tangerang, on the outskirts of Jakarta.

"We will export this car across ASEAN (Association of Southeast Asian Nations) countries starting next February," Mitsubishi Chief Executive Osamu Masuko said at the launch. The company will start exporting to the Philippines, followed by Malaysia, Thailand and Vietnam.

Indonesia overtook Thailand as Southeast Asia's largest car market in recent years and is also growing as a regional production base.

Mitsubishi aims to produce around 80,000 units of the new model per year, and export 20,000 cars out of the annual production.

The Xpander "will be the first alliance model with Renault-Nissan", Masuko said.

Last year, Nissan bought a controlling stake in Mitsubishi for $2.3 billion after the smaller automaker admitted to cheating on mileage tests. [nL4N1CQ24I]

"It will eventually be supplied to Nissan Motors for the Indonesian market," Masuko said, adding that Nissan had yet to decide the timing and the volumes it wanted. Nissan may also have a different design for the car.

Nissan chairman Carlos Ghosn in April said it was likely for Mitsubishi and Nissan would do cross-manufacturing in certain areas. [nL4N1HX2JA]

(Reporting by Cindy Silviana; Writing by Fransiska Nangoy; Editing by Ed Davies and David Evans)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2017 | 5:34 PM IST

Next Story