The new plan calls for spending 5 percent of annual sales on equipment and the same proportion on R&D, the Nikkei reported.(http://s.nikkei.com/2geSr78)
Funds will be used by the company for the development of electrified vehicles and for production in China and Indonesia.Mitsubishi Motors will release the specifics of the capital injection in a new medium-term plan due Wednesday, the business daily said.($1 = 112.1600 yen) (Reporting by Sumeet Gaikwad in Bengaluru; Editing by Stephen Coates)