In a bid to increase its production in Indonesia, Mitsubishi Motors Corp is drawing plans to build a new plant in the country in order to fully realize the increasing demand from the emerging economies in Asia. 

According to a company spokesman on Saturday, "It is true that we are considering strengthening our operations in Indonesia, but bothing has been decided as of now."

In a Nikkei business daily report, the automaker together with its local Mitsubishi Corp dealer and partners are working on plans to complete the plant by March 2017 worth an investment of 40 billion yen or US$422.90 million.

The spokesman for the maker of Triton pickup trucks in Indonesia together with standard Mitsubishi vehicles Outlander Sport SUV and iMiEV electric car, is planning to reach a net profit of about 100 billion yen or US$1.06 billion by the end of its fiscal year in 2017.

Should the new plant go online, then the carmaker would have a local annual production of 100,000 vehicles.