India: Beiqi Foton to set up plant near Pune

Chinese commercial vehicle manufacturer Beiqi Foton Motor has signed a memorandum of understanding with the government of the Indian state of Maharashtra to set up a manufacturing facility. This project entails investment of Rs16.76bn (US$377.4m). The company plans to launch vehicles from this facility starting in 2013, Press Trust of India Subscribe to Automotive World … Continued

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• May 4, 2011