Isuzu to assemble trucks in Russia.
Isuzu will assemble vehicles in Russia with Severstal-Avto beginning in August as the country’s demand for commercial vehicles rises.
The venture will have an annual capacity of 25,000 units, Isuzu said recently in a statement. Japanese trading company Sojitz Corp. is also a partner in the venture, it said.
Isuzu plans to more than triple truck sales in Russia to 8,000 vehicles this year, the company said. Economic growth in developing markets is boosting commercial vehicle sales as truck demand in Japan is forecast to decline, making Isuzu more reliant on overseas markets.
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