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Ashok Leyland, Nissan sign pact to make light commercial vehicles in India


Published :
Mon, 29 Oct 2007 06:44
By : Agencies
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MUMBAI (Thomson Financial) - Indian commercial vehicle maker Ashok Leyland Ltd said it has signed a cooperation agreement with Nissan Motor Co Ltd to manufacture and sell light commercial vehicles and power trains in India.

In a filing to the National Stock Exchange, it said the two companies anticipate an investment of about 500 mln usd to create three joint venture companies -- vehicle manufacturing, power train manufacturing and technology development -- in India.

TFN.newsdesk@thomson.com

yos/man/jlw

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