Ashok Leyland Ltd. has announced the completion of acquisition formalities of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures (JVs) formed between the two companies, namely Ashok Leyland Nissan-Vehicles Limited, Nissan-Ashok Leyland Powertrain Limited and Nissan-Ashok Leyland Technologies Limited. In September 2016, Ashok Leyland and Nissan reached an arrangement under which Nissan would transfer its ownership[Read More…]
Tata Hitachi, a 40:60 joint venture between Tata Motors and Hitachi Construction Machinery Company, showcased its product line-up encompassing a wide range of excavators from 2-tonne to 800-tonne, 35-tonne to 290-tonne rigid dump trucks, wheel loaders, backhoe loaders and motor graders at the IMME fair, Kolkata. Leveraging technology to build strong products and stronger relationships, the company inroduced shovel variant[Read More…]
Caterpillar will produce higher capacity off-highway trucks in India, claim industry sources. Drawing attention to the company showcasing Cat 773E and 777E off-highway trucks at the International Mining & Machinery Exhibition (IMME) at Kolkata, sources add that the off-highway trucks will be made at the company’s production facility at Thiruvallur, Tamil Nadu. Of the two dump trucks, Cat 777E is[Read More…]
At the board of directors’ meeting recently, Vinod Agarwal was appointed as the managing director of VE Commercial Vehicles. Agarwal joined Eicher in 1983, and has since successfully played various finance and commercial roles in Eicher businesses, including tractors, trucks, buses, components and engines. In 2006, Agarwal took over as the Group Chief Financial Officer. In 2009, he was elevated[Read More…]
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