Ashok Leyland, Hino ink pact to develop BS-VI compliant engines
India in 2015 decided to leapfrog to Euro-VI emission norm compliant petrol and diesel from April 2020, from the Euro-IV grade at present.
Hinduja flagship firm Ashok Leyland today said it has inked a pact with its long-standing Japanese partner Hino to jointly develop BS-VI compliant engines.
The companies have entered into a mutual cooperation agreement (MCA) where Ashok Leyland will utilise Hino's engine technology for Euro-VI development and will support Hino?s engine parts' purchasing in
India for global operation, the Chennai-based firm said in a statement.
Hino and Ashok Leyland have had a cooperative agreement for engine production in India since 1986.
By the latest MCA, both companies will leverage each other's strengths in diesel engines to enhance competitiveness.
Hino Motors President & CEO Yoshio Shimo said the cooperation with Ashok Leyland takes advantage of the strengths that the two companies have cultivated.
"Hino will enhance its global competitiveness by utilising Ashok Leyland's parts procurement capabilities in India," he added.
India in 2015 decided to leapfrog to Euro-VI emission norm compliant petrol and diesel from April 2020, from the Euro-IV grade at present.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
05:07 PM IST