Nissan and Ashok Leyland in venture for Indian market

Nissan Motor is collaborating with Indian company Ashok Leyland for a venture for the Indian market.

The two companies plan to invest around $500 million in three joint ventures in India.

These would be related to manufacturing of light commercial vehicles, engines and other components for automobiles.

This venture is expected to help Ashok Leyland to compete against Tata Motors which is the leading commercial vehicle maker in the Indian market.

Carlos Ghosn, president and chief executive, Nissan spoke on this deal: “The LCV business is one of Nissan’s most important global growth engines.”

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