Mitsubishi has plans to re-enter the Indian market with new products. The carmaker has partnered with a Jamshedpur based company.
The Japanese automaker Mitsubishi is quite popular around the world. The carmaker ended its operations in the Indian market a few months back, and according to a recent report from Express Drives, Mitsubishi has now planned to make a comeback in our country with an all-new mid-size SUV. The carmaker ended its operations in India due to poor sales performance. Right now, Mitsubishi does not offer any car in India and back in April this year, the automaker announced to start taking bookings of the BS6 Outlander officially. The SUV is yet to launch in our market. As per reports, Mitsubishi has now got a new partner in India and will start launching new vehicles soon. The Japanese carmaker’s new partner is based out of Jamshedpur, Jharkhand.
The upcoming C-SUV will rub shoulders with the likes of Kia Seltos and Hyundai Creta
The name of the new investor is not revealed yet, but reports claim that the new investor is the supplier to biggest carmakers in India. Right now, Mitsubishi India is working with its current partner- Hindustan Corporation Limited to check assets and liabilities and the overall process is expected to be finished by the end of this month. The carmaker will formally reveal a new partnership after getting the final approvals from the head office in Japan. The accurate investment details are not out yet, but there could be an investment of Rs 500 crore.
Mitsubishi will setup a manufcaturing facility in Gurjrat for its India operations
With the investment, the carmaker is also likely to set-up a new assembly line in Gujarat in the coming months. Nevertheless, initially, the carmaker will only sell its vehicles in our market as CBU (Complete Built Units). Mitsubishi will launch an all-new SUV to compete with the likes of Hyundai Creta, Kia Seltos and Nissan Kicks. The carmaker has also planned to introduce the Eclipse or Eclipse Cross, which is already on sale in the foreign markets. Right now, Mitsubishi has only 11 dealerships across the country, but this number expected to get increased as soon as the automaker restarts its India operations.