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Jan 17, 2008

TRUCKMAKERS' NEWS * INDIA

* Patel Integrated enters into MOU with Eicher Motors for purchase of trucks

Chennai,Tamil Nadu,India -Equity Bulls -16 Jan 2008: -- Patel Integrated Logistics Ltd (PILL) has announced that the Company has entered into an exclusive MOU with Eicher Motors Ltd., to initially purchase 225 trucks for a consideration of about Rs 20.00 Cr. for various types of vehicles ranging from 3.00 Tonners to 16.00 Tonners. PILL will also be additionally acquiring & strengthening its own Fleet in line with its Vendor Acquisition Strategy in India... The MOU also entails acquisition of additional trucks for its 126 vendors who supply about 756 vehicles, which is exclusively deployed for PILL's requirements.

* Patel Integrated enters into MOU with Tata Motors for purchase of Light Trucks
Chennai,Tamil Nadu,India -Equity Bulls -16 Jan 2008: -- ... Tata Motors would also supply to PILL, with the Balance part of the requirement which is not being met by Eicher for the lower payload vehicles more specifically the Tata ACE 1.00 Tonner & Tata 407 – 2.50 Tonner Capacity...

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