The Indian motor company, Ashok Leyland, and Nissan
of Japan have agreed to form a partnership to produce Light Commercial
Vehicles (LCVs).
They aim to make 100,000 vans a year in Indian factories for both the domestic market and export.
Correspondents said the deal underlined Nissan's growing
commercial interest in India, where demand for vehicles and trucks is
rising fast.
Much of that is because of the country's strong economic growth.
“Our LCV business and overall expansion into India
represent two of the biggest growth opportunities for Nissan in the
medium and long term,” Carlos Ghosn, Nissan's president, told the
Reuters news agency.
The Japanese firm is eager to increase its presence in
India to benefit from relatively low labour costs and an economy
growing at around 9% a year.
