Mitsubishi Motors (Thailand) and Mitsubishi Motors Corporations move forward with its Bht 8 billion-eco-car investment project with aim to start production within September 2011 and to launch first Mitsubishi eco-car in Thailand by the beginning of 2012. The companies are also looking for the possibilities to establish a new production facility in the country if market demand increases.

Dr. Atchaka Sibunruang, Secretary General of Thailand Board of Investment (BoI) said after the official meeting with Mr. Nobuyuki Murahashi, President of Mitsubishi Motors (Thailand) Co., Ltd. and Mr. Gayu Uesugi, Director in Charge of Product Strategy & Development of Mitsubishi Motors Corporations, that the executives of Mitsubishi still maintain their intentions to invest in “Mitsubishi Eco-car” project in Thailand. Scheduled for production in September 2011, the first Mitsubishi eco-car is expected to launch in the market in March 2012.

mitsubishi ecocar
Mitsubishi Motors applied for the BOI investment incentives for eco-car project since November 2007 with investment capital of Bht8 billion. The project is expected to create more than 1,500 jobs.

The eco-car will be produced on the new platform, developed by Mitsubishi Motors Corporations by adjusting the existing production line at Map Ta Phut Industrial Estate. The project complies with the conditions set earlier by the BoI, requiring a minimum production capacity of 100,000 units per annum. The companies also disclosed that they will consider the possibility of establishing a new production facility if the market demand expands.

“This is the first meeting between the BoI and the executives of Mitsubishi Motors (Thailand) and Mitsubishi Motors Corporations to confirm Mitsubishi’s eco-car investment project in Thailand. It is also a great opportunity for both BoI and Mitsubishi to discuss about the investment project in details,” added Dr. Sibunruang.

About the author

The Office of the Board of Investment is a government agency under the Office of the Prime Minister. Its core roles and responsibilities are to promote valuable investment, both investment into Thailand and Thai overseas investment.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

A short Guide to Taxation in Thailand

If the land or building is left empty or unused for a period of more than three consecutive years, it will be subject to an additional rate of 0.3% every three years, but the amount will not exceed 3%.

Thailand Opens Digital Free Trade Hub in partnership with Alibaba

The launch of the digital free trade hub is part of Thailand’s efforts to position itself as one of Southeast Asia’s key logistics centers for trade and e-commerce.

Thailand emerges as major link in EV supply chain

With its well-established automotive industry and strong government support, Thailand aims to become the EV hub of ASEAN and a major player in the global EV supply chain