Comments
Commercial vehicle manufacturer Ashok Leyland has sued Renault Nissan Automotive India Pvt Ltd (RNAIPL) to stop it from using equipment meant for making light commercial vehicles for the Ashok Leyland-Nissan joint venture.
A statement from Nissan India spokesperson, acknowledged that they have received a notice from Ashok Leyland and they are contesting it.
According to reliable sources, Ashok Leyland is seeking the injunction to stop RNAIPL from using ALL-Nissan joint venture equipment to make cars at the plant.
ALL-Nissan joint venture for LCVs does not have a factory of its own. Some equipment were at ALL’s factory in Hosur and some at RNAIPL plant at Oragadam near Chennai to make Stile/Evalia vehicles. But since these are not under production, they should have been returned as ALL owns a 50 per cent stake.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.