Business Daily from THE HINDU group of publications
Tuesday, Sep 08, 2009
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Business Daily from THE HINDU group of publications Tuesday, Sep 08, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Outlook Leyland, Nissan may use existing plants for LCVs
Mr Kiminobu Tokuyama, Managing Director and CEO, Nissan Motor India Pvt Ltd Manu P. Toms Mumbai, Sept. 7 Ashok Leyland and Nissan, which are still working out the finer details of their joint venture to manufacture light commercial vehicles and powertrains as well as to develop technology, are looking at “optimising investments and using available facilities in the first phase.” The companies have still not decided if they should go in for common products with different badges or independent products. “One option could be Leyland manufacturing Nissan light commercial vehicles and selling them under its brand. These may not be launched by Nissan in India. Another may involve launching common products with different badges (Nissan and Ashok Leyland),” Mr Kiminobu Tokuyama, Managing Director and CEO, Nissan Motor India, told Business Line. While the companies had redrafted their strategies following the global slowdown, indications are that the joint venture will go on stream by 2011-12. “To optimise investments, we are looking at options including the use of available facilities. The product development activity is continuing without any interruption which shows our commitment to the project,” he said. Should this happen, Ashok Leyland could use its Hosur plant while Nissan will look at its Oragadam facility near Chennai which is home to its range of cars scheduled to debut next year. “The project has been delayed for six months. Our teams are now working aggressively and we are pleased with the pace of progress. We are confident of bringing out a successful LCV in 2011-12,” Mr Tokuyama said. Ashok Leyland-Nissan LCV project at ‘zero cost’ Ashok Leyland-Nissan projects to come up in more TN locations Ashok Leyland shareholders to get stake in Nissan jt venture Ashok Leyland, Nissan sign pact to produce LCVs, power trains Ashok Leyland, Nissan join hands to produce trucks More Stories on : Outlook | HCV/LCV/Tractors
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