Japanese automobile major Nissan Motor Company and Hinduja Group’s flagship Ashok Leyland are looking to fortify their management teams for Light Commercial Vehicle joint venture. Ashok Leyland has formed a JV with Nissan Motor Company in the light commercial vehicles segment. With an investment of about Rs 2,300 crore (575 million dollar), the JV has […]
Ashok Leyland and Japanese automobile major Nissan on Monday inked a pact with the Tamil Nadu government for setting up a manufacturing facility in Chennai to roll out 0.19 million light-range vehicles, reports Business Line. More
Courtesy: www.indiacar.net
The joint venture of India’s Ashok Leyland Ltd and Nissan Motor Co is on track to start production of light trucks in 2010/11, with exports making up a fifth of total output, the companies said on Monday.
The venture for light trucks, signed in May this year along with those for powertrain manufacture and technology, will […]
As their flagship heavy vehicle manufacturer Ashok Leyland celebrated its diamond jubilee, the Hindujas today announced plans to acquire related businesses in Europe and the Middle East.
The group Chairman S P Hinduja said here that their objective was to make Ashok Leyland as one of the five top commercial vehicle manufacturers in the world within […]
Auto component manufacturer JBM Auto is planning to invest about Rs 410 crore in setting up three greenfield plants over the next two years, as it eyes a revenue of Rs 800 crore by 2011.
As part of the expansion plan, JBM Auto has entered into joint ventures with Italian component maker Magneto, Hinduja Group flagship […]
Hinduja Group flagship company Ashok Leyland on Tuesady reported a total sales of 6202 units in July 2008, an increase of 11.2 per cent as compared to the corresponding period last year.
The company has reported a sale of 5574 units in July 2007, Ashok Leyland said in a statement.
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Courtesy: indiacar.net
Ashok Leyland reported a phenomenal drop in its standalone net profit for the first quarter ended June 2008, missing analysts` forecast. During the quarter, the profit of the company declined 42.66% to Rs 505.69 million from Rs 881.88 million in the same quarter, previous year. The analysts polled by Bloomberg had estimated earnings of Rs […]
Ashok Leyland will have a completely new product portfolio by 2012-13. It is developing a new full range truck platform and a new cabin built under modular construction.
Addressing the media today at the company�s technical centre, about 30 km north of Chennai, Mr R. Seshasayee, Managing Director, announced the development of new six-cylinder engine code […]
Hinduja flagship company Ashok Leyland on Thursday said it has formed a new entity, Albonair GmbH in Dortmund, Germany for develpoment and production of exhaust-after-treatment systems for eco-friendly diesel engines.
Albonair will engage in R&D and product development initially in after-treatment systems with an emphasis on design innovation and enhanced customer value, the company said in […]
Leading Indian commercial vehicles manufacturer Ashok Leyland Ltd has made a strategic investment of an undisclosed sum in the German firm Albonair.
According to Ashok Leyland’s filing with the National Stock Exchange (NSE), the investment is for “development of vehicle emission treatment/control systems and products”. More
Courtesy: indiacar.net