Japan's Isuzu Motors Ltd has agreed with General Motors Co to jointly develop a pick-up truck for emerging markets, the Nikkei business daily reported on Friday.

The companies plan to manufacture the truck in South-East Asia and India and sell it in emerging countries such as Thailand and Indonesia as early as 2015, the Nikkei said without saying where it obtained the information.

Isuzu will announce the deal later on Friday, the Nikkei said.