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Ashok Leyland - Nissan JV expects to sell 55,000 LCV

29 Sep 2011 Evaluate

In the first year of its launch, Ashok Leyland, the flagship company of the Hinduja Group expects its joint venture (JV) with Japan's Nissan to sell 55,000 light commercial vehicles (LCV). The joint venture which was for LCVs, buses and vans has already commenced manufacturing LCVs.

Recently, the company had successfully launched 'Dost' in Maharashtra market. The company was also planning to launch a passenger van on the platform of its light commercial vehicle Dost which will have a seating capacity of up to eight persons.

Dost, a 1.25 ton carrier, is built at Ashok Leyland's manufacturing facility in Hosur, and will compete with the likes of Tata Ace and Mahindra Genio and Maxximo. Dost is initially being launched in four southern (Karnataka, AP, Kerla and Tamil Nadu), Maharashtra and Gujarat. It will be made available across India as and when production ramps up.

Peers
Company Name CMP
Tata Motors 425.15
Ashok Leyland 157.05
Force Motors 17250.00
Olectra Greentech 1180.70
SML Mahindra 6261.55
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