Business Daily from THE HINDU group of publications
Monday, September 8, 2008
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Business Daily from THE HINDU group of publications Monday, September 8, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1600 hrs (IST)
Corporate Hindujas plan acquisition in Europe, mid-East CHENNAI: As their flagship heavy vehicle manufacturer Ashok Leyland celebrated its diamond jubilee, the Hindujas on Monday announced plans to acquire related businesses in Europe and the Middle East. The group Chairman, Mr S P Hinduja said here that their objective was to make Ashok Leyland as one of the five top commercial vehicle manufacturers in the world within in the next 10 years. The diamond jubilee of the company was celebrated here last night at a function presided over by the State Governor Mr S S Barnala and attended by the Union Finance Minister Mr P Chidambaram, who used the occasion to emphasise that people in India should make greater use of public transport and travel less by private vehicles. In a message, the Prime Minister, Mr Manmohan Singh said Ashok Leyland has responded very well to the transportation of a growing economy in the last 60 years. It had introduced products and technologies for different segments of the society, he said adding the performance of companies such as Ashok Leyland has given India a preeminent position in the global automobile industry. The company, the prime minister said, has also served vital needs of the country's defence forces. - PTI
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