Mitsubishi plans India expansion

Mitsubishi Motors plans to ramp-up production in the emerging markets like Indian and Brazil, at the same time when it plans to streamline output in markets like Japan, the United States and Europe. Mitsubishi aims to lift its global production to 1.5 million units which is up by 50 percent by the process of resource redistribution. 

Mitsubishi will cease production of a couple of its North American models and use the resources to increase output of models like the Outlander SUV which is sold in the US, India and many other global markets. 

The automaker also plans to start output from India by investing in a local partner. Mitsubishi is in talks with France’s PSA Peugeot Citroen for a JV in India. It also has plans to manufacture low-priced mini-cars with Nissan Motor Company. 

Mitsubishi’s European sub-compact Colt will also face the axe while there are also plans to reduce or freeze production of certain models at Mitsubishi’s Japanese plants. Simultaneously, Mitsubishi plans to invest in countries like Brazil to boost local production.