|- The engine of XPANDER shifts to localization -|
TOKYO, Oct 4, 2018 - (JCN Newswire) - Mitsubishi Motors has today announced it is to increase the production capacity at its state-of-the-art manufacturing facility in Bekasi, Indonesia in response to strong demand for the XPANDER crossover MPV in Indonesia and export markets.
The expansion will increase capacity to 220,000(1) units from the current 160,000(1) units by fiscal year 2020.
The expansion represents an investment of around 4 billion Yen and will see an extra 800 people employed at the Bekasi plant, taking the total number of staff to 4,100.
The production volume of XPANDER will rise from 115,000 units to 160,000 units by fiscal year 2020. Exports will rise from 30,000 units to 50,000 units to feed demand from overseas markets including ASEAN countries.
In addition, the XPANDER's engine will be produced in Nissan Motor Indonesia (NMI), a local production subsidiary of Nissan Motor Co., Ltd. This will increase the localized parts ratio of XPANDER to about 80% from the current 70% and have beneficial economic effects on the local supply chain. The expansion of NMI facility will mean 160,000 units of the engine will be produced annually.
Since its launch last August, the XPANDER has accumulated 100,000 orders in Indonesia by the end of September 2018. In March and July this year, it was ranked number one in Indonesia's sales volume ranking, and has received the Car of the Year 2018 from the OTOMOTIF newspaper in March and FORWOT Car of the Year 2018 from Automotive Journalist Forum in September.
By expanding our Indonesian business, MMC is committing to continuously contribute to the economic growth in Indonesia.
(1) Production capacity in full operation
About Mitsubishi Motors
Mitsubishi Motors Corporation is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in Mitsubishi Motors' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, Mitsubishi Motors introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline - a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today Mitsubishi Motors is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.
Public Relations Department
Source: Mitsubishi Motors
Topic: Press release summary
From the Asia Corporate News Network
Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.