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