Ad Here  
August
September
October
November
December
January
 
 
Bajaj Finserv – Q1: fare well CAPITAL NOTES Consolidating leadership position in smartphones Hyundai India achieves 7 mn production at Chennai factory Sivasankaran enters taxi space to take on Uber and Ola L & T’s floating dock for navy Daimler grows sales and share in India Housing demand revival Tata Motors aims to be among the Top 3 global CV & PV firm TI Cycles plans retail expansion to drive sales for premium bicycles Gamesa to set up a plant in Nellore ITC chairman calls for policy impetus to transform agriculture Solar installations exceed 2015 capacity in five months Tata gets 4-star rating for Zest Maruti – for young buyers Aurobindo Pharmacy: good turnaround Sundram Fasteners rejigs international Preparing for the next growth curve Singur minus Nano – victory or folly? V-Guard launches app-enabled water heater system Is this a generation gap? Land wars Smooth sailing of SAIL ITC – steep excise hike Ode to Ratan Tata Titan Company – sales recovery to kick in IOB on turnaround path Emami – a new growth mantra The gainers and the losers PPP model for infrastructure development Daimler’s truck exports from Chennai cross 5000 units LVB posts 31 per cent growth in Q1 net profit Right to privacy – now it’s fundamental! He excels in the nuts and bolts of entrepreneurship A welcome initiative-even critics are recognised When small is not so beautiful… Back in growth mode Hindalco – re-rating From the toughest to the best year TVS Srichakra plans capacity expansion Mercedes-Benz sales continue to zoom TN government keen on revival of operations at Nokia complex Increasing market share Michelin to double Chennai capacity Shriram Life clocks more than Rs.1000 crore premium in 2015-16 The unexpected exit 29 per cent jump in TCS revenues Toyota and Suzuki to introduce EVs in India by 2020 Chinese smart phones flourish in small towns too! L&T bags the Mumbai Trans-harbour link order Tata Steel, ThyssenKrupp sign MoU to merge European units Hyundai to focus on SUVs and AMT variants Eyes strong growth in 2016-17 TVS Automobile invests Rs.75 crore in start-up firms It takes two to tango PSU non-life firms seek to protect share Record two-wheeler sales Nissan exit shouldn’t affect ALL New India Assurance posts impressive show Tata Motors bets on new launches M & M unveils driverless technology for tractors AL wins Deming prize again Tata Motors charts investments in PV and CV businesses Are they really independent? Forging industry worried over lower supply of steel and its price Last stages Carnival Films acquiring 3000 screens pan India Rane targets Rs.5500 crore topline by 2018-19 AL introduces Guru & Partner Welcome focus to improve rural India... HPCL plans Rs.61,000 crore capex over 5-years Smartphone onslaught by Chinese brands Yamaha unveils scooter boutique Wabco launches safety system Kone India eyes further growth in elevator market Tata Motors joins compact SUV bandwagon with Nexon L&T profit up by 11 per cent RoC in the dock... L & T set bigger ambitions in defence business Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Dish TV – subscriber additions encouraging Vellayan is back, after 150 days AL secures orders for 3600 buses E.I.D Parry (India) Ltd: another sweet year A niche in FMCG business...
 
Nissan exit shouldn’t affect ALL

Ashok Leyland  Ltd (ALL) has opted to terminate its partnership agreement with the Japanese Nissan Motor Company. A part of the Hinduja Group, ALL has opted to buy all the shares of Nissan in the three joint venture companies that were set up in 2008- Ashok Leyland Nissan Vehicles Pvt Ltd, for the manufacture of vehicles, Nissan Ashok Leyland Powertrain Pvt Ltd for the manufacture of power trains and Nissan Ashok Leyland Technologies Pvt Ltd for technology.

Ashok Leyland was set up in a 1955 collaboration with British Leyland, with the latter having the majority stake. Over the initial two decades, ALL focused on medium and heavy commercial vehicles with progressive indigenisation. The Hindujas acquired the British interest and took charge in 1987. At the time of acquisition, they also inducted Iveco, Italy, as a partner with a 10 per cent stake. This was a major attempt to induct state-of-the-art techno-logy. The Hindujas announced that they would endeavour to produce commercial vehicles capable of being exported to G8 countries. Till then ALL’s focus was on indigenous technology appropriate for India and other developing countries.

The collaboration with Iveco did not last long. Unlike competitor Tata Motors, in-house R&D was also weak until the end of the 1990s. But, in the new millennium, a strong focus was made on R&D. A handsome step up of R&D spend was made and scientists and engineers in hundreds were assembled. Then MD, R Seshasayee, Dr V Sumantran (ex-General Motors and R&D leader who was also instrumental in Tata Motors, engineering its passenger cars) and Vinod Dasari, embarked on catching up with technology. Apart from the three joint ventures with Nissan, ALL made extensive forays into technology, acquisitions/partnerships in Europe. These included KMW, German manufacturer of defence equipment, Avia Ashok Leyland Motors (AALM), Prague, Alteams Group, Finland, Optare Plc, Continental AG, Albonair GmbH, Defiance Technologies...

With the boom in the economy from 2004 the Hindujas expanded these collaborations which included a joint venture with the American construction equipment giant, John Deere.

But the slowdown of the economy post 2008-09 severely impacted the company’s growth plans. The John Deere collaboration was terminated and the more recent one relates to the Ashok Leyland-Nissan JVs. In recent months the commercial vehicle sector has been recording handsome growth. With the recent plans of the Central government to phase out old vehicles aged 10 years and more, the market looks promising. However, with the entry of other large players like Daimler, competition is bound to intensify.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com