Wednesday, April 30, 2008

Eco-car projects of Toyota, Mitsubishi, Tata approved

The Board of Investment (BoI) has embraced the new government's Thailand Investment Year 2008-09 campaign by approving promotional privileges for seven investment projects totalling 60 billion baht.

Leading the momentum were investments in the production of small, fuel-efficient eco-cars. The auto industry was one of the main drivers behind the country's doubling of investment value to record high of 744.5 billion baht last year.

Of the seven projects granted promotional privileges yesterday, three were the eco-car production plans of Mitsubishi Motors, Toyota Motors and Tata Motors, whose rivals had already received the green light last year.

Mitsubishi Motors (Thailand) will invest 4.71 billion baht to make up to 107,000 eco-cars a year starting in 2010.


Read More

No comments: