Bangkok Post reported that Mitsubishi Motors has confirmed its intention to go ahead with a THB 8 billion eco car production venture in Thailand, with the first models to be rolled out by late next year.
Ms Atchaka Sribunruang secretary general of Board of Investment met recently to discuss the progress of the Japanese automaker's venture with Mr Nobuyuki Murahashi president of Mitsubishi Motors Thailand and Mr Gayu Uesugi MD of product strategies and development for Mitsubishi Motors Corporation.
Ms Atchaka said that the model to be produced in Thailand would use a new platform developed by Mitsubishi Motors in Japan, with a 1.3 liter petrol engine. The company will meet the BoI's condition to produce at least 100,000 units per year of the small, fuel efficient and environmentally friendly cars.
Ms Atchaka quoted the Japanese executives as saying that the company was willing to consider building a new plant eco car demand in the future was strong.
It may be noted that Mitsubishi Motors was among 6 automakers receiving BoI approval to produce eco cars in Thailand. Nissan is the first to actually make its eco car, called the March.