Japanese automaker to boost production capacity in India
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Major Japanese automaker Suzuki Motor Corp. said Monday it has decided to set up a vehicle assembly plant and a new diesel engine factory in India to boost production in the country&#39;s growing market.
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MUMBAI: Japanese stocks gained after a Government report showed industrial production rose for the first month in three, providing evidence that growth in the worlds second-largest economy will be sustained.
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The company is expected to increase spending in India by $500 million, as it focuses on making the country a regional hub for small-car manufacturing.
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The Indian Prime Minister has appealed to Japanese businesses to expand their ties with his country.
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Audi, the luxury car arm of European auto giant Volkswagen, said that it planned to start production in India next year.
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Honda Motor Co. (7267.T) will build a  second car plant in Thailand and a new motorcycle factory in  Vietnam as well as boosting capacity in other regions to meet  growing demand abroad even as the Japanese market shrinks.
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Toyota Motor Corp  expects its global production in 2008 to expand to about 9.9 million vehicles, about 500,000 units more than the projection for this year, the Nikkei business daily reported on Sunday.
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Japanâs factory output in December rose more than expected, to a record, fueled by higher overseas demand for automobiles and machinery. Industrial production climbed a seasonally adjusted 0.7 percent, the Ministry of Economy, Trade and Industry said in Tokyo. In the labor market, Japanâs seasonally adjusted unemployment rate rose to 4.1 in December, slightly more than the 4.0 percent that was expected. In a sign of an improving employment market, the jobs-to-applicant ratio was 1.08 in December, meaning 108 jobs were available per 100 applicants.
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Japan&#39;s Nikkei 225 Stock Average rose, led by KDDI Corp. and Marui Co., on expectations the government will boost its growth estimate for the world&#39;s second- largest economy on Friday.
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Japan's second quarter growth rate is likely to be revised up this week on the back of data showing increased corporate investment in factories and offices along with higher profits.
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TOKYO: Toyota Motor said on Tuesday it expects its group-wide auto sales to rise 7% next year to a record 8.03m vehicles globally as it boosts its production capabilities in almost every corner of the world.
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Japan&#39;s four top automakers - Toyota, Nissan, Honda and Mazda - increased global production in November due to strong sales in overseas markets, but scandal-hit Mitsubishi was down, the companies said Friday.
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Japanese automaker Nissan Motor plans to build a car plant in the Indian port city of Chennai with its French partner Renault SA and local firm Mahindra and Mahindra Ltd, a news report said Saturday.
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Toyota Motor Corp is expected to replace struggling US auto giant General Motors Corp. as the world's largest automaker next year amid plans to boost global output, a report has said.
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Japanese compact car maker  Suzuki Motor Corp. (7269.T) will invest a further 200 billion  yen ($1.66 billion) in its Indian venture as it expands  capacity at car and engine plants, its chairman said on  Tuesday.
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Ford Motor Co  said on Tuesday it  plans to invest $500 million in India to double manufacturing  capacity by 2010 and make a small car and engines to compete  more effectively in the fast-growing market.
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Nissan Motor Co Ltd  plans to move some of its manufacturing operations to Japan from North America as part of its efforts to improve profitability, the Nihon Keizai (Nikkei) business daily reported on Sunday.