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Ashok Leyland, Nissan form partnership

Ashok Leyland, Nissan form partnership
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First Published: Wed, Aug 29 2007. 11 44 AM IST
Updated: Wed, Aug 29 2007. 11 44 AM IST
Mumbai: Ashok Leyland Ltd, India’s second-biggest bus and truck maker and Nissan Motor Co, have formed a partnership to make light commercial vehicles, the two companies said on 29 August.
The companies would form three ventures for vehicle manufacture, powertrain manufacture and technology development, they said in a joint statement.
The vehicle manufacturing venture will be majority-owned by Ashok Leyland and have an annual production capacity of more than 100,000 units in India, it said.
Financial details were not disclosed.
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First Published: Wed, Aug 29 2007. 11 44 AM IST