The joint venture of Ashok Leyland and Nissan for manufacturing light commercial vehicles would become operational during the current financial year, executive vice-chairman of Hinduja Group India Subir Raha said.
"We are hopeful to operationalise the agreement this year," he said.
Raha said that the exact nature of the JV would be finalised first, following which the new company would scout for land for setting up a new plant to manufacture LCVs.
He told reporters here last night that this was the first time the Hindujas were entering
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