To continue relations under licensing agreement
Ashok Leyland has completed the acquisition of Nissan Motor Co.'s stake in each of the three joint ventures formed between the two companies, namely, Ashok Leyland Nissan-Vehicles, Nisan-Ashok Leyland Powertrain and Nissan-Ashok Leyland Technologies.Under the new arrangement, Ashok Leyland will continue to build, under a licensing agreement, the successful Dost, Mitr and Partner light commercial vehicles, which are based on Nissan's design, engineering and technology. Servicing and parts availability for customers will be ensured by a technical support arrangement. In addition, the two companies have agreed to continue a deal to procure made-in-India parts to Nissan.
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