China''s Foton selects West Maharashtra for Rs 1,676-cr plant

Mumbai, May 1 (PTI) China''s largest commercial vehicle maker Beiqi Foton plans to invest Rs 1,676 crore for a one-lakh units per annum plant in India and plans to launch its first product in the lucrative domestic market by 2013.The manufacturing facility, the company''s first outside mainland China, will be located in Western Maharashtra and it has already zeroed in on three potential sites ...