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Last Updated : May 04, 2011 09:15 AM IST | Source: PTI

Foton to set up plant near Pune, launch LCVs, MCVs

The world's largest commercial vehicle-maker, Beiqi Foton Motor, on Tuesday said it will launch a host of products in the LCV and MCV segments in the first year of its launch itself to tap the growing commercial vehicle market in India.


The world's largest commercial vehicle-maker, Beiqi Foton Motor, on Tuesday said it will launch a host of products in the LCV and MCV segments in the first year of its launch itself to tap the growing commercial vehicle market in India.


The Beijing-based commercial vehicle-maker has signed a Memorandum of Understanding (MoU) with the Maharashtra Government to invest Rs 1,676-crore to set up a manufacturing facility. The company plans to launch vehicles from its India facility by 2013.


"Initially, we will launch a host of products in the LCV and MCV segments in the first year itself from our Indian facility," the company's Executive Vice-President for India Operations, R Shankar, told PTI here.


"The Indian commercial vehicle industry is the world''s fourth-largest and is expected to grow rapidly. We are confident of playing an important role here," he said.

The company's new facility will come up near Pune in Maharashtra, he said.
Foton has 10 major product brands including Auman, Auv, Aumark, MP-X, Midi, Saga, View, SUP, Ollin and Forland.

First Published on May 4, 2011 08:44 am
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