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* India - MAN Trucks hits speedbreaker on localization of components
The MAN Force joint venture hopes to capture fast growing markets for trucks in India, parts of Asia, Africa and West Asia
Pune,Delhi,India -Livemint, by Sudha Menon -13 July 2007: -- MAN Force Trucks Pvt. Ltd, the €150 million (Rs835.5 crore) joint venture between Man AG, Europe’s third-largest truck maker and the Pune-based commercial vehicle manufacturer Force Motors Ltd, to make premium trucks in India, is facing production glitches with trouble over the localization of a few components... The company planned to export around 12,000 vehicles from this year but chairman Abhay Firodia said the company was not making “significant” numbers of trucks. Full localization before the start of this year, was a part of the plan... This is the second vehicle maker to report trouble over localization of components recently...
Labels: truckmakers troubles
posted by Unknown @ 11:22 AM
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