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

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