Commercial vehicles
Nissan and Ashok to build 100,000 light trucks
04 giugno 2008 |
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Hinduja Group flagship Ashok Leyland and Nissan Motor Co. Ltd. say they will spend Rs 23bn (€3.5m) on three linked JV firms to develop and sell 100,000 trucks up to 7.5 tonnes a year in India.
This follows a deal between the two in October 2007. The firms will start work on three ranges from 2010/11, including a new Nissan Atlas F24 light-duty truck and new Euro 3 and Euro 4 diesels for light trucks.
John Armitage, UK national sales manager of Ashok subsidiary Avia Trucks UK said, "This will not immediately affect the UK product line up of Avia Trucks UK, the future brand implications are extremely positive and far-reaching." Ashok Leyland has a turnover of more than €1.3bn with a capacity of 84,000 vehicles a year and 100,000 more by 2010.
It exports to over 20 countries.
Nissan Motor Company's turnover is some €66bn and sells in all major auto markets worldwide.
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