Hinduja Group

Hinduja Group's Ashok Leyland, Nissan Sign Agreement for LCV Partnership

By admin - Posted on October 29th, 2007

Project investment estimated at US$ 500 million

CHENNAI / TOKYO (October 29, 2007) – Hinduja Group flagship Ashok Leyland and Nissan Motor Co., Ltd., today signed a binding Master Co-Operation Agreement (MCA) for the formation of three joint venture companies supporting the Light Commercial Vehicle (LCV) business. The agreement was signed in Chennai today by Mr. R. Seshasayee, Managing Director of Ashok Leyland and Mr. Carlos Ghosn, President and CEO of Nissan Motor Co., Ltd.

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