Ashok Leyland Ltd and Hino Motors Ltd. Japan have entered into a Mutual Cooperation Agreement (MCA) where the former will utilize Hino’s engine technology for its EURO-VI development and will support in development of Hino’s engine parts purchasing in India for global operation.
Hino and Ashok Leyland have had a cooperative agreement for engine production in India since 1986. By this mutual cooperation agreement, both companies will leverage each other’s strengths in diesel engines to enhance its competitiveness. Ashok Leyland will enhance its competitiveness by jointly developing engines for BS-VI compliance in India through the engine technology of Hino Motors. Hino will promote engine parts development in India by utilizing Ashok Leyland in India to strengthen its competitiveness.
Mr. Vinod K. Dasari, Managing Director & CEO of Ashok Leyland said his statement, “We believe in long term partnerships and have great respect for Hino Motors. This cooperation between our companies would be mutually beneficial and enable both of us to produce globally competitive products.”
“We believe this cooperation with Ashok Leyland takes advantage of the strengths that the two companies have cultivated. Hino will enhance its global competitiveness by utilizing Ashok Leyland’s parts procurement capabilities in India” said Mr. Yoshio Shimo, President & CEO of Hino Motors.