Signalling that the joint venture (JV) was on track, Hinduja Group flagship Ashok Leyland and Japanese car maker Nissan Motor Company on Tuesday declared that three new products would be rolled out in mid-2011.
“The Indian LCV (low-cost vehicle) segment has robust growth over the past decade and by joining forces, we have created synergies to launch our products for this market on schedule — just three years after the formation of the JV,” said Andy Palmer, senior vice-president, Nissan Motor Company and chairman, Ashok Leyland Nissan Vehicles Ltd.
“We feel our products will help us deliver very competitive value to our customers,” said V Sumantran, executive vice-
chairman, Hinduja Automotive Ltd and chairman Nissan Ashok Leyland Powertrain Ltd.
Two of the three three new products would be manufactured at Ashok Leyland’s facilities in Hosur in Karnataka while the third will roll out of the production lines of Nissan’s plant at Oragadam in Tamil Nadu near Chennai. The JV will manufacture trucks and buses, powered by a BS-III and BS-IV compliant engine.
Besides the domestic market, the companies are eyeing export destinations as well.