Ashok Leyland, Nissan form partnership

Ashok Leyland, Nissan form partnership

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.