Nissan, Ashok Leyland plan $500 mln Indian ventures

Newswire

TOKYO, Oct 29 (Reuters) - Japan's Nissan Motor Co and India's Ashok Leyland said on Monday they would invest about $500 million to set up three joint ventures in India to develop and build light commercial vehicles, engines and other drivetrain components. The agreement, signed in the southern Indian port city of Chennai, follows the two companies' announcement in August that they will make light commercial trucks to gain a bigger share of the market in Asia's third-largest economy. The ...

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