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Mitsubishi to ramp up investment in Indonesia, prepares for EV production
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Pedestrians walk past the Mitsubishi Motors headquarters in Tokyo on Nov. 26, 2018.
Martin BUREAU / AFP (AFP/Martin Bureau)
J
apanese automobile manufacturer Mitsubishi Motors Corporation (MMC) plans to bump up its investment in Indonesia to increase its production capacity of cars including electric vehicles (EVs).
The automaker is expected to roll out Rp 5.7 trillion (US$375 million) as part of this year’s Rp 12.3 trillion investment plan in Indonesia, according to an Industry Ministry statement on Wednesday.
With the investment, Mitsubishi plans to increase the production capacity of its facility in Deltamas, West Java, to around 231,000 cars in 2024 from projected 176,000 cars this year, the statement also says.
“We greatly appreciate Mitsubishi for its commitment to getting involved with developing Indonesia’s competitive automotive industry ecosystem,” said Industry Minister Agus Gumiwang Kartasasmita after a meeting with MMC president and CEO Takao Kato.
Kato said the company also targeted increasing its exports to 98,000 cars next year.
“We restarted the production of the pickup truck model L300 in April 2023, then we will export the Pajero Sport to Australia in December 2023,” Kato said.
Read also: Window closing for EV plan
