Category Ashok Leyland

Ashok Leyland, Nissan review plans, will scale back proposed investments

Ashok Leyland Ltd. and Nissan are reviewing their plans for the three joint ventures which they had agreed upon earlier, which would have entailed investments of about Rs 2,300 crore. These ALL-Nissan joint ventures were to be set up for the manufacture of LCVs, powertrains and technology R&D.

In keeping with the global economic downturn, ALL and Nissan wish to scale back their investments into the three JV companies. The two companies’ new plans will be finalised over the next few months, and the companies will do a complete rethink on what products they want to launch in the first phase.

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Ashok leyland sales down 73% in January 2009

Ashok Leyland Ltd. (ALL) has reported a 73% decline in its sales in January 2009, at 2,444 units, as compared to 9,112 units sold in January 2008. However, the company’s January sales were up 6% on the 2,307 units it sold in December 2008.

ALL produced 1,170 vehicles in January this year, compared to 960 units in December 2008. However, exports dropped to 418 vehicles in January this year, compared to 901 units in December 2008 and 635 units in January 2008.

During April 2008-January 2009 period, ALL’s total sales dropped to 46,087 units, compared to 65,110 units in the year-ago period.

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