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Ashok Leyland up 4% on pact with Hino Motors to develop BS-VI engines

Ashok Leyland will utilise Hino's engine technology for Ashok Leyland's EURO-VI development and will support in development of Hino's engine parts purchasing in India for global operation.

SI Reporter  |  Mumbai 

Ashok Leyland
Despite the poor performance, most brokerages have a positive view on Ashok Leyland

was trading 4% higher at Rs 124 on the BSE in noon deal after the company and Ltd. Japan have entered into a Mutual Cooperation Agreement (MCA) for

“As per agreement, will utilise Hino's engine technology for Ashok Leyland's EURO-VI development and will support in development of Hino's engine parts purchasing in India for global operation,” the company said in a press release.

Hino and 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 their competitiveness, it added.

will enhance its competitiveness by developing engines for compliance in India through the engine technology of

Vinod K Dasari, Managing Director & CEO of said, “This cooperation of our companies would be mutually beneficial and enable both of us to produce globally competitive products,”

First Published: Mon, November 27 2017. 15:08 IST
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