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Commercial vehicles manufacturer Ashok Leyland will use Japanese company Hino Motors’ technology to develop Euro-VI engines and support Hino’s engine parts purchase in India for global operations.
According to a press release from Ashok Leyland, both companies have entered into a mutual co-operation agreement in this regard.
Hino and Ashok Leyland have had a cooperative agreement for engine production in India since 1986. The latest mutual co-operation agreement will leverage each other’s strengths in diesel engines to enhance competitiveness.
Ashok Leyland will jointly develop engines for BS-VI compliance in India through the engine technology of Hino Motors.
Hino Motors will promote engine parts development in India through Ashok Leyland to strengthen Hino’s competitiveness.
Vinod K. Dasari, Managing Director & CEO, Ashok Leyland, said in the statement, “this cooperation will enable both of us globally competitive products”.
Yoshio Shimo, President & CEO, Hino Motors, said: “Hino will enhance its global competitiveness by utilising Ashok Leyland's parts procurement capabilities in India.”
On the BSE, Ashok Leyland’s scrip closed 5 per cent higher at ₹123.65 over the previous close of ₹118.40.
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