The Ashok Leyland – Nissan LCV project crossed a significant milestone on September 8, with the signing of a Memorandum of Understanding with the Government of Tamil Nadu for acquiring 380 acres of land to locate the facilities of the joint venture companies at Pillaipakkam, 40 kms off Chennai. The integrated plant will be utilised to set up the vehicle and powertrain manufacturing facilities and a technology development unit for the three companies of the joint venture that was formed in May 2008.
The working of these companies has already been initiated and the joint venture is on course to roll out the first vehicle by 2010-2011. Exports are expected to account for 20% of the first phase capacity of 100,000 LCVs.
The working of these companies has already been initiated and the joint venture is on course to roll out the first vehicle by 2010-2011. Exports are expected to account for 20% of the first phase capacity of 100,000 LCVs.
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