Mitsubishi Eyes Bigger Market Share in Russia
Post date:
Wednesday, November 23, 2011 - 14:57Country:
Russian Federation
The company also expects the localisation rate of its locally produced cars to reach 30% within three years, RIA Novosti reported, citing a spokesman for Mitsubishi Motors.
Mitsubishi and PSA Peugeot Citroën officially launched production of cars at their joint plant in Kaluga at the end of April 2010. The facility with an annual production capacity of 125 thousand cars, currently builds the Mitsubishi Outlander XL, Peugeot 4007 and Citroën C-Crosser SUVs, as well as the Peugeot 308 and Citroën C4 compacts.
Japanese carmaker Mitsubishi Motors Corp. aims to grow its market share in Russia to 5% from 4% over next year